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1. Suppose you intend to make 10 annual deposits of $100, with the first deposit made one year from today, and each succeeding deposit made
1. Suppose you intend to make 10 annual deposits of $100, with the first deposit made one year from today, and each succeeding deposit made at the end of years 2, 3, 10. Calculate your account balance at the end of year 10, immediately after your last deposit We previously answered this question using Excel to calculate the account balance after each year: Year Balance InterestDeposit Withdrawal Balance 0.00 0.00 100.00 0.00 0.00 0.00 100.00 6.00 100.00 100.00 318.36/ 19.101 100.00 437.46 26.25 100.00 563.71 33.82 100.00 697.53.5100.00 100.00 0.00 0.00 100.00 0.00 206.00 0.00 318 0.00 437.46 0.00 563.71 0.00697.53 0.00 839.38 0 0.00 6 149 10 49.13 68.95 100.00 .00 1,318.08 Answer this question using the annuity formula and check your answer with the table above
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