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Future Value Ordinary Simple A)Suppose you open an account into which you deposit $200 at the end of each month for 10 years. If the
Future Value Ordinary Simple A)Suppose you open an account into which you deposit $200 at the end of each month for 10 years. If the account pays 7.5% compounded monthly, how much will be in the account at the end of the 10 year period? B) An annuity is created by depositing $4,500 at the end of each quarter for 12 years at an interest rate of 4.75% quarterly. What is the value of the annuity at the end of the 12 years and how much of the value is interest? Page 12 C) How much money should be in an account if it earns 5.25% compounded monthly and deposits of $75 are made at the end of each month for 4 years and 6 months? How much of the value of the account can be attributed to the interest earned
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