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Answer each of the following independent questions. Ignore personal income taxes. Required: Suppose you invest $ 4 , 0 0 0 in an account bearing

Answer each of the following independent questions. Ignore personal income taxes.
Required:
Suppose you invest $4,000 in an account bearing interest at the rate of 12 percent per year. Complete the table to show how your
accumulation grows each year to equal $7,896.00 after six years.
You have estimated that your educational expenses over the next three years will be $14,500 per year. Your account bears interest
at 9 percent per year. Complete the table given below to show that $36,699.50 is the amount you need to fund your educational
expenses.
Complete this question by entering your answers in the tabs below.
Suppose you invest $4,000 in an account bearing interest at the rate of 12 percent per year. Complete the table to show how
your accumulation grows each year to equal $7,896.00 after six years. (Round your answers to 2 decimal places.)
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