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Assume you deposit $4,200 at the end of each year into an account paying 10...

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Question

Accounting

Assume you deposit $4,200 at the end of each year into an account paying 10 percent interest.

Requirement 1:

How much money will you have in the account in 22 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Annuity future value $

Requirement 2:

How much will you have if you make deposits for 44 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Annuity future value $

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