6. + 0/1.42 points Previous Answers 1/6 Submissions Used My Note: New parents wish to save for their newborn's education and wish to have $37,000 at the end of 18 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 8.7% compounded annually? (Round your answers to two decimal places.) How much interest would they earn over the life of the account? Determine the value of the fund after 9 years. $ 7. -1.48 points 0/6 Submissions Used My Note: A corporation creates a sinking fund in order to have $570,000 to replace some machinery in 8 years. How much should be placed in this account at the end of each month if the annual interest rate is 6.5% compounded monthly? (Round your answers to the nearest cent.) con una mena de marcas con una noves manere How much interest would they earn over the life of the account? Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ Enter a number: Submit Answer Viewing Saved Work Revert to Last Response