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interest compounded annually. How much...

1.You deposit $1000 each year into an account earning 4% interest compounded annually. How much will you have in the account in 15 years?

2.Suppose you want to have $300,000 for retirement in 20 years. Your account earns 9% interest. How much would you need to deposit in the account eachmonth?

3.uppose you want to have $500,000 for retirement in 25 years. Your account earns 7% interest. Round your answers to the nearest cent.a) How much would you need to deposit in the account each month?

$

b) How much interest will you earn?

4.You deposit $300 each month into an account earning 6% interest compounded monthly. Round to the nearest cent as needed.a) How much will you have in the account in 30 years?

$

b) How much total money will you put into the account?

$

c) How much total interest will you earn?

$

5.Suppose you invest $170 a month for 3 years into an account earning 8% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account for another 27 years. How much will you have in the end?

2.Suppose you want to have $300,000 for retirement in 20 years. Your account earns 9% interest. How much would you need to deposit in the account eachmonth?

3.uppose you want to have $500,000 for retirement in 25 years. Your account earns 7% interest. Round your answers to the nearest cent.a) How much would you need to deposit in the account each month?

$

b) How much interest will you earn?

4.You deposit $300 each month into an account earning 6% interest compounded monthly. Round to the nearest cent as needed.a) How much will you have in the account in 30 years?

$

b) How much total money will you put into the account?

$

c) How much total interest will you earn?

$

5.Suppose you invest $170 a month for 3 years into an account earning 8% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account for another 27 years. How much will you have in the end?

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