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(Related to Checkpoint 5.2) (Future value) To what amount will $5,200 invested for 9 years at 10 percent compounded annually accumulate? $5,200 invested for 9

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(Related to Checkpoint 5.2) (Future value) To what amount will $5,200 invested for 9 years at 10 percent compounded annually accumulate? $5,200 invested for 9 years at 10 percent compounded annually will accumulate to $ (Round to the nearest cent.) (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? (Round to the nearest cent.) (Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $2.0million at the time of her retirement in 35 years, She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 14 percent, how soon could she then retire? a. If Sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is $ (Round to the nearest cent.) (Related to Checkpoint 5.5) (Solving for n ) How many years will it take for $500 to grow to $1,039.50 if it's invested at 5 percent compounded annually? The number of years it will take for $500 to grow to $1,039.50 at 5 percent compounded annually is years. (Round to one decimal place.)

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