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Assume you deposit $5,000 at the end of each year into an account paying 9.5 percent interest.

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., 32.16.)

Annuity future value            $

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., 32.16.)

Annuity future value            $

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92062868

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