You are a local small investor in Houston, TX. You opened a bank account today with a deposit of $500.00. Your plan is to make additional deposit of $20 every two months starting from the first month till the fifth month. At the seventh month you want to make a withdrawal of $30 every two months till the 11ᵗʰ month. At the end of the year
(the 12ᵗʰ month), you will make a withdrawal of $50.00. Assuming that the bank gives you an interest rate of 2% per month what is
a) the present worth of your investment in your transactions with the bank