Question: Question 3 Batuhan has saved $7400 each year for 20 years. A year after the saving period ended, Batuhan withdrew $1600 each year for a

Question 3 Batuhan has saved $7400 each year for 20 years. A year after the saving period ended, Batuhan withdrew $1600 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5,000 per year. In the eighth year, he decided to withdraw the remaining money in his account. If the interest rate was 6% per year throughout the whole period; a) What was the amount he withdrew at the end of the eighth year? b) Draw a cash-flow diagram from the Batuhan's viewpoint

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