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+-/1.42 points TanFin10 5.2.030. 0/6 Submissions Used DMy Notes Lauren plans to deposit $5000 into a bank account at the beginning of next month and

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+-/1.42 points TanFin10 5.2.030. 0/6 Submissions Used DMy Notes Lauren plans to deposit $5000 into a bank account at the beginning of next month and $200/month into the same account at the end of that month and at the end of each subsequent month for the next 7 years. If her bank pays interest at a rate of 6 % / year compounded monthly, how much will Lauren have in her account at the end of 7 years? (Assume she makes no withdrawals during the 7-year perlod. Round your answer to the nearest cent.) Enter a number Submit Answer 4. 0/1.42 points Previous Answers TanFin11 5.3.031. 2/6 Submissions Used My Notes Andrea, a self-employed individual, wishes to accumulate a retirement fund of $600,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 4.5 % / year compounded monthly, to reach her goal upon retirement 25 years from now? (Round your answer to the nearest cent.) $

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