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B. Starting at the end of this year, you plan to make annual deposits of $6,000 for the next 8 years followed by a final
B. Starting at the end of this year, you plan to make annual deposits of $6,000 for the next 8 years followed by a final deposit of $7,000 in year 9. The deposits earn interest of 4.9%. What will the account balance be by the end of 10 years? Round to the nearest cent.
C. An asset is projected to generate 12 annual cash flows of $4,000 starting 6 years from today. If the discount rate is 6%, how much is this asset worth today? Round to the nearest cent.
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