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

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Finance

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

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Transcribed Image Text

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

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