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Deposit $ 9 , 0 0 0 at the beginning of each year into an account paying 3 % interest compounded annually. Round your answer
Deposit $ at the beginning of each year into an account paying interest compounded annually. Round your answer to the nearest cent. How much in $ would the account be worth after years? How much in$ would be the account worth after years?When you retire in years, what will be the total in $ of the account? If you found a bank that paid interest compounded annually rather than how much in $ would you have in the account after years?Use the formula value of an annuity due formula to calculate how much in $ you would have in the account after years of the bank in part d switched from annual compounding to monthly compounding and you deposited $ at the beginning of each month instead of $ at the beginning of each year?
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