Question Help

A woman deposits $14,000 at the end

of each year for 5 years in an account

paying 7% interest compounded annually.

(a) Find the final amount she will have on deposit.

(b) Her brother-in-law works in a bank

that pays 6% compounded annually.

If she deposits money in this bank instead

of the other one, how much will she have in her account?

(c) How much would she lose over 5 years by using her

brother-in-law's bank?

(. Round to the nearest

cent as needed.) Simplify your answer