Assume you deposit $5,700 at the end of each year into an account paying 11. interest. a. How much money will you have in the account in 19 years? (Do not round intermediate calculations and round...


Assume you deposit $5,700 at the end of each year into an account paying 11.<br>interest.<br>a. How much money will you have in the account in 19 years? (Do not round<br>intermediate calculations and round your answer to 2 decimal places, e.g<br>b. How much will you have if you make deposits for 38 years? (Do not round<br>intermediate calculations and round your answer to 2 decimal places, e.g<br>а.<br>Future value<br>$<br>324,555.08<br>b.<br>Future value<br>$<br>2,462,818.38<br>

Extracted text: Assume you deposit $5,700 at the end of each year into an account paying 11. interest. a. How much money will you have in the account in 19 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g b. How much will you have if you make deposits for 38 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g а. Future value $ 324,555.08 b. Future value $ 2,462,818.38

Jun 04, 2022
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