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Future value. Jack and Jil are saving for a raing doy and decide to put $45 away in their bcal bark every year for the

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Future value. Jack and Jil are saving for a raing doy and decide to put $45 away in their bcal bark every year for the next 20 years. The local Up-the-Hill Bank will pay them fils on theit account. a. If Jack and Je put the money in the accourn faithfuly at the end of every year, how muct wal they have in it at the ond of 20 yoans? b. Unlottanalely, Jack had an accident in which he sustained head inuies afler only to years of savings. The medical bill has come to s600, is there enough in the rainy-day fund lo cover it? a. If Jack and 311 put the money in the account tachifuly at the end of every year, how much wil they have in 2 at the end of 20 years? (Found to the nearest cent.) b. How much wat they tiave in the acoount at the end of 10 yoars? (Roune so the nearest cent) Is there anough in the rany chy fund to cover the medical bar? (Select the beot rusponse) A. Thare is not enough inlomation to answer this question: B. Yes. They have encugh money in the rainy doy fund to oovor the modical bit. c. No. They dont have enough money in the rainy day fund to cover the medical bit

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