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Question 5 1 pts Suppose that each of the next 40 years you will deposit $ 3,000 in an account paying $12% interest annually. Assuming
Question 5 1 pts Suppose that each of the next 40 years you will deposit $ 3,000 in an account paying $12% interest annually. Assuming the each deposit occurs exactly one year apart, how much money will be in the account at the end of the 40 years? Round your final answer to two decimals. Question 6 1 pts Suppose that you will make 40 annual deposits of $3,000 in an account with an APR of $12% and monthly compounding. Assuming that the first deposit will occur immediately and the remaining deposits occur exactly one year apart, how much money will be in the account at the end of the 40 years? Round your final answer to two decimals
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