Find the accumulated amount at the end of 10 months on a $80 bank deposit paying simple interest at a rate of 5% per year. a) $79.33 b) $83.33 c) $81.33 d) $84.33 e) $82.33 D None of the above. Mr. Smith wishes to retire in 9 years. When he retires he would like to have $400,000 in his bank account. Mr. Smith's bank pays 5% per year compounded annually. How much should he deposit now to attain his goal? a) $257,847.57 b) $257 845.57 e) $257,84357 d) $257,841.57 e) $257,846.57 f None of the above. A grandmother deposited $5,000 in an account that pays 8% per year compounded annually when her granddaughter was born. What will the value of the account be when the granddaughter reaches her 16 birthday? a) $17,129.71 b) $17,109.71 c) $17,149.71 d) $17,119.71 e) $17,139.71 D None of the above. English (US) 13