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P 3 - 1 0 . Liana Alvarez, employer ofers its workers a two - month paid abating trope a ven year. lane Who was

P3-10. Liana Alvarez, employer ofers its workers a two-month paid abating trope a ven year. lane
Who was are working to the rim, plan to spend her sabbatical routinear deposta stimate cont or 00 To no ere the lan plans o make six annual end-of-year deposits of 52,500 cach, scarcing this year, into an investment account earning 8% interest.
a. Will Lillana's account balance at the end of seven years be enough to pay for her trip?
b. Suppose Lilana our baher antual contribution to $3,150. How large will her account balance be at the end of seven years?

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