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A woman deposits $8000 at the end of each year for 9 years in an account paying 8% interest compounded annually. (a) Find the final
A woman deposits $8000 at the end of each year for 9 years in an account paying 8% interest compounded annually. (a) Find the final amount she will have on deposit. (b) Her brother-in-law works in a bank that pays 7% compounded annually. If she deposits money in this bank instead of the other one, how much will she have in her account? (c) How much would she lose over 9 years by using her brother-in-law's bank
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