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1. (20 points) If you make the following series of deposits at an interest rate of 10%, compounded annually, what would be the total balance

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1. (20 points) If you make the following series of deposits at an interest rate of 10%, compounded annually, what would be the total balance at the end of 10 years? Note that the deposits end at year 9, but the future value is asked at the end of year 10 (EOY 10)._ Ans: $24,481 End of Period Amount of Deposit O $800 1-9 $1500 10 0 2 5 7 $1500

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