Finance questions (3), please show work if able. Thank you! 7. Calculating Annuity...
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Finance questions (3), please show work if able. Thank you!
7. Calculating Annuity Values [LO1] If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.7 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years? 8. Calculating Annuity Values [LO1] You want to have $50,000 in your savings account 12 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.2 percent interest, what amount must you deposit each year? 9. Calculating Annuity Values [LO2] Dinero Bank offers you a five-year loan for $50,000 at an annual interest rate of 7.5 percent. What will your annual loan payment be
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