Question: Q3, Part 1. Given below, is a quarterly saving and withdrawal sequence from a newly opened bank account, such that at the end of the

Q3, Part 1. Given below, is a quarterly saving
Q3, Part 1. Given below, is a quarterly saving and withdrawal sequence from a newly opened bank account, such that at the end of the sixth quarter, after the last withdrawal, the bank balance hits zero The bank pays $9% interest compounded quarterly. withdrawals 10.0100 40 0HO 40.090 40,010 end Qu 1 end Our 2 end Oir } end Oir 4 end Our s end Qir a A. A student sets up the relationship to compute Y as follows, using only Annuity factors AlS, 2061 x Y -A(4. 20 0) 2 40,000 Identify the two errors the student has made (give a to-the-point reason). B. Compute the saving amount SY

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