3. Future value of annuities I When equal payments are made at fixed intervals for a specified number of periods, you can treat them as You are planning to put $8,500 in the bank at the end of each year for the next five years in hopes that you will have enough money for a new car. If you are investing at an annual interest rate of 6%, how much money will you have at the end of five years-rounded to the nearest whole dollar? $47,915 $50,790 $38,332 $57,498 You've decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of $8,500 at an annual interest rate of 6%. How much money will you have available at the end of five years-rounded to the nearest whole dollar? $50,790 $71,106 $35,553 $47,915 Grade It Now Save & Continue