You deposit $1,400 at the end of each year into an account paying 9.6 percent interest....

You deposit $1,400 at the end of each year into an account paying 9.6 percent interest. Required: (a) How much money will you have in the account in 21 years? (b) How much will you have if you make deposits for 42 years?

Required:
(a)	How much money will you have in the account in 21 years?

(Click to select)85,388.68, 75,777.74, 34,890.73, 29,400.00, 96,359.47

(b)

How much will you have if you make deposits for 42 years?

click to select) 895,737.24, 58,800.00, 504,294.66, 670,747.19, 93,237.69

Expert Solution

jeff jeffy answered 1 year ago

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