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Q1- If you deposit money today in an account that pays 6% annual interest, how long will it take to double your money? Round your

Q1- If you deposit money today in an account that pays 6% annual interest, how long will it take to double your money? Round your answer to two decimal places.

years

Q2-

A- What's the future value of a 6%, 5-year ordinary annuity that pays $200 each year? Round your answer to the nearest cent.

$

b- If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

$

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