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answer? Quantitative Problem 1t You plan to deposit $2,300 per year for 6 years into a money market account with an annual return of 2%.
answer? Quantitative Problem 1t You plan to deposit $2,300 per year for 6 years into a money market account with an annual return of 2%. You plan to make your first depesit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations: Round your answer to the nearest cent. b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Hound your answer to the neare cent to live. Your first witvdrawal will be made one year after you retire and you anscipate that your returement account will earn 12% annalili. a. What amount do vou need un your retirenent account the day you retire? Do not cound intermediate calculations. Round your answer to thet nearest cent. b. Assume that your first withdrawal will be made the day you retire. Under this ascumption, what amount do you now need in your retirement account the day you retire? Dennt rainis intermediate calculatons. Rownd your answer to the nearest cent
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