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PVAdex=PVAendivy(1+1) One can solve for payments (PMI), periods (N), and interest rates ( (1) for annuities. The easiest way to solve for these variables is

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PVAdex=PVAendivy(1+1) One can solve for payments (PMI), periods (N), and interest rates ( (1) for annuities. The easiest way to solve for these variables is with a financial cakculator or a spieadsheet. Quantitative Problem 1i You plan to deposit $1,600 per vear for 5 yeors into a money market account with an annual eeturn of 3%. You plan to make your first deposit ane year finm todoy. A. What amount will be in your account at the end of 5 years? Do not round imermediate calaulations, Rocand your anseer to the nearest cemt. 5 b. Asume that vour deposits will begin todw. What anouet nill be in your account after 5 years? Do not round intermediate calculations: Alound your answer to the neareit oent. 5 4 intermedifate coblaidationk. Round your apsper to the nearest cent

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