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2 You invest $3,000 in a certificate of deposit that matures after eight years and pays 5 percent Interest, which is compounded annually until the

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2 You invest $3,000 in a certificate of deposit that matures after eight years and pays 5 percent Interest, which is compounded annually until the certificate matures. Use Appendix A to answer the questions. Round your answers to the nearest dollar. a. How much interest will you earn If the interest is left to accumulate? 1,432 b. How much interest will you earn If the Interest is withdrawn each year? $ Grade it Now Save & Continue Continue without saving 2 A self-employed person deposits $2,000 annually in a retirement account (called a Keoghor H.R. 10 plan) that earns 9 percent. Use Appendix A and Appendix C to answer the questions. Round your answers to the nearest dollar. 1. How much will be in the account when the individual retires at the age of 6s if the savings program starts when the person is age 457 LP $ b. How much additional money will be in the account of the saver defers retirement until age 75 and continues the contributions? $ c. How much additional money will be in the account if the saver discontinues the contributions at age 65 but does not retire untilage 757

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