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please show calculations you were bom, your dear old Aunt Minnie promised to deposit $1,000 into a savings account bearing a 7% compounded annual rate

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you were bom, your dear old Aunt Minnie promised to deposit $1,000 into a savings account bearing a 7% compounded annual rate on each birthday, beginning with your first. You have just turned 13 and want the dough. However, it turns out that dear old (forgetful) aunt winnie made no deposit on your tenth birthday. How much do you have in the account night now? (5 points) 4. The company you work for will deposit $400 at the end of each month into your retirement fund. Interest is compounded monthly. You plan to retire 15 years from now and estimate that you will need $2,000 per month out of the account for the next 10 years following your retirement. If the account pays 7.20% annual interest rate compounded monthly, how much (in addition to your company deposit) do you need to put into the account on monthly basis in order to meet your objective? (5 points)

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