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Assume that you deposit $ 846 each year for the next 15 years into an account that pays 18 percent per annum. The first deposit
Assume that you deposit $ 846 each year for the next 15 years into an account that pays 18 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your Answer: Answer Question 13 (6.66 points) Listen How much must you deposit in an account today so that you have a balance of $21,202 at the end of 8 years if interest on the account is 14% p.a., but with quarterly compounding? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your
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