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Andrew and Emma Garfield invested $5,800 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,600 on

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Andrew and Emma Garfield invested $5,800 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,600 on each of her birthdays until she was 17 (including her 17th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 17th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 17th birthday 60758.67 * Your answer is incorrect. Try again. Robben Company is considering investing in an annuity contract that will return $30,000 annually at the end of each year for 18 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Robben Company pay for this investment if it earns an 5% return? (Round answer to 2 decimal places, e.g. 25.25.) Robben Company should pay 72210 $

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