1.Your aunt has just deposited $7,500 in a brokerage account as part of your graduation gift. You...
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Question:
1.Your aunt has just deposited $7,500 in a brokerage account as part of your graduation gift. You goal is to invest additional $5,500 at the end of each of the next 5 years. The brokerage account would earn 6.5% a year on your investments. How much will have in your account 4 years from now? How much will you have in the account at the end of 5 years?
a.$33,719; $40,987
b.$26,123; $33,321
c.$19,364; $26,123
d.$19,364; $20,212
e.$33,888; $41,591
been doing this all day, cant figure it out, could someone do it for me and show work?
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