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Mark and Betty Garfield invested $7,000 in a savings account paying 6% annual interest when their daughter, Angela, was born. They also deposited $1,000

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Mark and Betty Garfield invested $7,000 in a savings account paying 6% annual interest when their daughter, Angela, was born. They also deposited $1,000 on each of her birthdays until she was 17 (including her 17th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 17th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 17th birthday $ Sandhill Co. issued $1,300,000, 11-year bonds. It agreed to make annual deposits of $104,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 11 years. The deposits are made at the end of each year into an account paying 7% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 11 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $

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