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Mr. Marengo deposited $2,200 at the Woodstock State Bank on January 1, 2020. He plans to add to the account by depositing $3,300 on January
Mr. Marengo deposited $2,200 at the Woodstock State Bank on January 1, 2020. He plans to add to the account by depositing $3,300 on January 1, 2021 and $4,400 on January 1, 2022. If the bank pays 5.5% in interest each year on the account's growing balance, how much money does he expect to have by the time the institution closes for the day on December 31, 2022? A. $10,898.31 OB. $9,504.56 OC. $11,624.99 D. $9,009.06 O E. $10,330.16 . If Ms. Batavia deposits $7,400 into an investment account at the Palatine Mutual Funds on the last day of each year, and all accumulations earn 3.5% interest compounded annually, how much money will she have in her account by the end of year 26? [Following Question 13 will involve the same numbers, but with beginning of year cash flows.] A. $124,988.61 B. $305,716.95 C. $367,484.00 OD. $295,378.70 OE. $316,417.05 . If Ms. Batavia deposits $7,400 into an investment account at the Palatine Mutual Funds on the first day of each year, and all accumulations earn 3.5% interest compounded annually. how much money will she have in her account by the end of year 26? [Previous question 12 had the same numbers, but with end of year cash flows.] O A. $305,716.95 B. $129,363.21 OC. $298,628.94 D. $316,417.05 O E. $295,378.70
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