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Answer each of the following independent questions. Ignore personal income taxes. Required: 1. Suppose you invest $4,500 in an account bearing interest at the rate

Answer each of the following independent questions. Ignore personal income taxes. Required: 1. Suppose you invest $4,500 in an account bearing interest at the rate of 15 percent per year. Complete the table to show how your accumulation grows each year to equal $10,408.50 after six years. 2. You have estimated that your educational expenses over the next three years will be $15,000 per year. Your account bears interest at 12 percent per year. Complete the table given below to show that $36,030.00 is the amount you need to fund your educational expenses.

image text in transcribedimage text in transcribed Complete this question by entering your answers in the tabs below. Suppose you invest \\( \\$ 4,500 \\) in an account bearing interest at the rate of 15 percent per year. Complete the table to show how your accumulation grows each year to equal \\( \\$ 10,408.50 \\) after six years. (Round your answers to 2 decimal places.) You have estimated that your educational expenses over the next three years will be \\( \\$ 15,000 \\) per year. Your account bears interest at 12 percent per year. Complete the table given below to show that \\( \\$ 36,030.00 \\) is the amount you need to fund your educational expenses. (Round your intermediate calculations and final answers to 2 decimal places.)

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