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Lifetime savings accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $20,000 now and $20,000 each year for the next 16 years, how much will be in the account immediately after the last deposit, provided the account grows by 10% per year? After the last deposit, the balance in the account will be $ A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of $325,000 beginning in year 2 and ending in year 16. How much will a bank be willing to loan at an interest rate of 12% per year? The bank will be willing to loan the developer a sum of $ What is the equivalent annual cost in years 1 through 9 of a contract that has a first cost of $76,000 in year O and annual costs of $19,000 in years 3 through 9? Use an interest rate of 15% per year. The equivalent annual cost is determined to be $ How much will Kingston Technologies have to pay each year in 10 equal payments, starting 2 years from now, to repay a $800,000 loan. The interest rate is 9% per year? Kingston Technologies will have to pay $ each year to repay the loan