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Please answer showing explanations Future value Jack and Jill are saving for a rainy day and decide to put $70 away in their local bank
Please answer showing explanations Future value Jack and Jill are saving for a rainy day and decide to put $70 away in their local bank every year for the next 20 years. The local Up the HI Bank wil pay them 10% on their account a Jack and Jill put the money in the account fathully at the end of every year, how much will they have in at the end of 20 years? b. Unfortunately, Jack ud an accident in which he sustained head injuries after only 10 years of savings. The medical come to $1,000 Is there enough in the many daytond to cover it? Jack and pul the money in the account tambay at the end of every year, how much wil they have in it at the end of 20 years? Round 1o the nearest cert) b. How much will they have in the account at the end of 10 years? Round to the nearest cent) Is there enough in the rainy day fund to cover the medical bill? (Select the best response) O A There is not enough information to answer the question OB. No They don't have enough money in the rainy day fund to cover the medical bil Click to set your w o m
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