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Cameron is saving for his retirement 24 years from now by setting up a savings plan. He has set up a savings plan wherein he

Cameron is saving for his retirement 24 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $135.00 at the end of every six months for the next 15 years. Interest is 6% compounded semi-annually.

  1. How much money will be in his account on the date of his retirement?
  2. How much will Cameron contribute?
  3. How much will be interest?
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Camoron is saving for his febrement 24 years from now by seeting up a savings plan. He has set up a savings plan wherein he will depesit $135.00 an the end of every sox montha for the next is years. Interest is 6% compounded semi-annuaily. (a) How much money will be in his account on the date of his retirement? (b) How much will Cameron contribite? (c) How much will be interest? (a) The future value will be $ (Round the final answer to the nearest cent as neoded. Round all intermediate values to six decimal places as neoded.)

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