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Suppose you invest $200 at the end of every six months for 6 years into an account earning 6 % compounded semiannually. After 6 years,
Suppose you invest $200 at the end of every six months for 6 years into an account earning 6 % compounded semiannually. After 6 years, you leave the money, without making additional deposits for another 30 years earning interest at 6 % compounded semiannually. Answer the following questions, and round all answers to two decimal places if necessary. How much will you have in the account after 6 years? PNY = 2 CNY = 2 N = 12 IXY = 6 PV = $ PMT = $ 200 oo FV = $ How much will you have in the account after 36 years? P/Y = CNY = N = I/Y = PV = $ PMT = $ FV = $ Question Help: D Video You deposit $380 at the end of each quarter into an account earning 7.8% interest compounded quarterly. a) How much will you have in the account in 15 years? P/Y = 4 CNY = 4 N = 60 I/Y = 7.8 O % PV = $ 8996.15 PMT = $ 380 oo FV = $ (round to the nearest cent) b) How much will be the total amount of money deposited into the account after 15 years? Total Deposited = $ (enter a positive value) c) How much total interest will you earn? Total Interest= $ (enter a positive value, and round to the nearest cent)
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