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Please help with both I ran out of questions Ginny has a large and growing collection of animated movies. She wants to replace her old
Please help with both I ran out of questions
Ginny has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so she has started saving for it. At the end of each year, she deposits $550 in her bank account, which pays her 10% interest annually. Ginny wants to keep saving for 5 years and then buy the newest LCD model that is available. Ginny's savings are an example of an annuity. How much money will Ginny have to buy a new LCD TV at the end of 5 years, rounded to the nearest whole dollar? $2,854 $3,358 $4,533 O $3,694 7. Calculate annuity cash flows Your goal is to have $10,000 in your bank account by the end of 12 years. If the interest rate remains constant at 9% and you want to make annual identical deposits, you'll have to deposit into your account at the end of each year to reach your goal. if you If your deposits were made at the beginning of each year rather than an at the end, the amount of your deposit would change by still wanted to reach your financial goal by the end of 12 yearsStep by Step Solution
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