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1. You deposit $5000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 35 years?

1. You deposit $5000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 35 years?

$________

2. You deposit $400 each month into an account earning 7% interest compounded monthly.

a) How much will you have in the account in 20 years?

$______

b) How much total money will you put into the account?

$___________

c) How much total interest will you earn?

$_______________

3. You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?

$___________

PLEASE HELP ME IM STRUGGLING IN THIS PLEASE I DON'T WANT TO FAIL. LAST PERSON ANSWERED WRONG PLEASE HELPPP THANK YOU

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