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(Related to Checkpoint 5.2) (Future value) If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what
(Related to Checkpoint 5.2) (Future value) If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years (assuming no further deposits)? In 40 years? a. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years? $ 135,011.98 (Round to the nearest cent.) b. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 40 years? (Round to the nearest cent.)
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