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Homework 5: Time value of money You make a onetime deposit of $2000. Your investment period...

Homework 5: Time value of money

  1. You make a onetime deposit of $2000. Your investment period is 40 years and the interest rate is 9%.  How much you will have in your account after 40 years.
  1. You decide to make an annuity deposit every year. You earn 9% on your investment.  If the deposit  amount is $2000 per year, how much you will have in your account after 40 years provided  (i) deposits are made at the end of each year (ii) deposits are made at the beginning of each year

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