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a. What would be the value of a savings account stsrted with $450, earning 7 percent (compound annually) after 7 years? b. Brenda Young desires
a. What would be the value of a savings account stsrted with $450, earning 7 percent (compound annually) after 7 years?
b. Brenda Young desires to have $8,000 eight years from now for her daughter's college fun. If she will earn 6 percent (compound annually) on her money, what amount should she deposit now? Use the percent value if a single amount calculation
c. What amount would you have if you deposited $1,400 a year for 39 years at 7 percent (compound annually)
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