answer questions 7-9

Your favorite aunt opens a savings account on your name and deposits $6,000 at the end of each year for 8 years. The account earns an interest rate of 2.2%. After the final deposit, you move the accumulated savings to your brokerage account and invest in the stock market, where they earn an average return of 5.6% for the following 21 years. How much wil you have in your account at the end? Round to the nearest cent. QUESTION & You have $112.000 in an account earning 1.2% per year. You plan to make 17 annual withdrawals out of this account starting 4 years from today. What are the equal annual withdrawals you can make that will deplete the account at the end? O a $11,507.54 O b. $7.589.16 O c. $16,446.18 d. $16.927.42 O e. $11,453.67 O f. 59.542.57 O 8. $18,396.95 QUESTION 9 You'd like to buy a 40-foot used catamaran in 10 years for 5608,000. You already have $51,000 saved in an account earning a monthly interest rate of 0.48. Your plan is to make monthly deposits into this account in order to save enough to buy the catamaran. How much would you need to save monthly a $2.952.54 b. $2,63462 O c. $3.313.06 O d. 52.904.40 Oe. 3.198.52 1. 1,644,93 Og $2,633 35