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PF.7 Annuities - Homework Score: 2/56 2/16 answered Question 10 A. Alex deposits $200.00 every month into an account earning 5% interest compounded monthly. How

PF.7 Annuities - Homework Score: 2/56 2/16 answered Question 10 A. Alex deposits $200.00 every month into an account earning 5% interest compounded monthly. How much will Alex have in the account in 21 years? Alex will have in the account in 21 years. B. Alternatively, Alex could make a single deposit into an account earning 5% compounded monthly for 21 years. How much would the lump sum deposit (single deposit) have to be in order to have saved the same amount of money in the account? Alex would have to make a lump sum deposit of . Hint Question Help: D Video 1 D Video 2 D Video 3 D Video 4 Submit

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