Question
Beginning one year from today, Rory will begin investing $4,500 at the end of each year for five years at 5% interest compounded annually. Question
Beginning one year from today, Rory will begin investing $4,500 at the end of each year for five years at 5% interest compounded annually. Question #1: Rounded to the nearest whole dollar, how much will Rory have in her account at the end of year five, immediately after her last payment? Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of the question. The factor table you select should open up in a new window on your computer. Answer: $Answer (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.) Question #2: Rounded to the nearest whole dollar, how much in total interest did Rory earn over the entire five years?
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