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(Related to Checkpoint 5.2) (Future value) If you deposit $3,400 today into an account earning an annual rate of return of 8 percent, what would
(Related to Checkpoint 5.2) (Future value) If you deposit $3,400 today into an account earning an annual rate of return of 8 percent, what would your account be worth in 40 years (assuming no further deposits)? In 45 years? a. If you deposit $3,400 today into an account earning an annual rate of return of 8 percent, what would your account be worth in 40 years? $ 73863.37 (Round to the nearest cent.) b. If you deposit $3,400 today into an account earning an annual rate of return of 8 percent, what would your account be worth in 45 years? (Round to the nearest cent.)
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