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please answer both questions asap If $59,000 is deposited annually starting on January 1,2020 and earns 9%, how much will accumulate by December 31.2029 ?
please answer both questions asap If $59,000 is deposited annually starting on January 1,2020 and earns 9%, how much will accumulate by December 31.2029 ? (Round factor values to 5 decimal places, e.8. 1.25124 and final answer to 0 decimal places, e.g. 458.581.) Click here to view factor tables Futurevalue $ Betty Ogleby wants to accumulate $42,400 to use for an around the world trip. She plans to accumulate the desired amount by depositing $5,830 annual-year-end payments into an account at the National Bank which pays 6% interest, compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places, e.8. 458.581.50.) Click here to view factor tables 1. Compute the account balance at the end of the sixth year. Accountbalance 2. Compute the amount of each payment that Betty must make at the end of each of the six years to accumulate the $42,400. Amount of each payment
please answer both questions asap
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