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Future Value. Sandra wants to deposit $200 each year for her son. If she places it in an investment account that averages a 6% annual
Future Value. Sandra wants to deposit $200 each year for her son. If she places it in an investment account that averages a 6% annual return, what amount will be in the account in 15 years? How much will she have if the account earns 11% a year? If she places it in a savings account that pays 6 percent, the amount that will be in the account in 15 years is $. (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer. If she places it in a savings account that pays 11 percent, the amount that will be in the account in 15 years is $ . (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your
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