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THX!! Periods 8 9 10 11 12 13 14 4.50% 1.3609 1.4221 1.4861 1.5530 1.6229 1.6959 1.7722 1.8519 1.9353 2.0224 2.1134 2.2085 2.3079 2.4117 2.5202
THX!!
Periods 8 9 10 11 12 13 14 4.50% 1.3609 1.4221 1.4861 1.5530 1.6229 1.6959 1.7722 1.8519 1.9353 2.0224 2.1134 2.2085 2.3079 2.4117 2.5202 2.6337 2.7522 Interest Factors 5.00% 5.50% 6.00% 6.50% 7.00% 1.4071 1.4547 1.5036 1.5540 1.6058 1.4775 1.5347 1.5938 1.6550 1.7182 1.5513 1.61911.6895 1.7626 1.8385 1.6289 1.7000 1.7908 1.8771 1.9672 1.7103 1.7936 1.8983 1.9992 2.1049 1.79591.8832 2.0122 2.1291 2.2522 1.8856 1.9868 2.1329 2.2675 2.4098 1.97992.0961 2.2609 2.41492.5785 2.0789 2.2114 2.3966 2.5718 2.7590 2.1829 2.3553 2.5404 2.7390 2.9522 2.2920 2.4848 2.6928 2.9170 3.1588 2.4066 2.6215 2.8543 3.1067 3.3799 2.5270 2.7656 3.0256 3.3086 3.6165 2.6533 2.9178 3.2071 3.5236 3.8697 2.7860 3.0782 3.3996 3.7527 4.1406 2.9253 3.2475 3.6035 3.9966 4.4304 3.0715 3.4262 3.8197 4.2564 4.7405 7.50% 8.00% 8.50% 1.6590 1.7138 1.7701 1.7835 1.8509 1.9206 1.91721.9990 2.0839 2.0610 2.1589 2.2610 2.2156 2.3316 2.4532 2.3818 2.5182 2.6617 2.5604 2.7196 2.8879 2.7524 2.9372 3.3134 2.95893.1722 3.3997 3.1808 3.42593.6887 3.4194 3.7000 4.0023 3.6758 3.9960 4.3425 3.9515 4.3157 4.7116 4.2479 4.6610 5.1120 4.5664 5.0338 5.5466 4.9089 5.4365 6.0180 5.2771 5.8715 6.5296 9.00% 1.8280 1.9926 2.1719 2.3674 2.5804 2.8127 3.0658 3.3417 3.6425 3.9703 4.3276 4.7171 5.1417 5.6044 6.1088 6.6586 7.2579 15 16 17 18 19 20 21 22 23 Emily On her 22nd birthday, Emily's account will have a balance of: To celebrate her first birthday, Emily's parents deposited, on that date, $10,500 into a savings account that earns a fixed rate of 7.00% and compounds interest annually. How much money will have accumulated in Emily's account as of her 22nd birthday? Round your answer to the nearest dollar. 0 $43,476 $46,519 $23,648 What-If Scenario 1 The account balance would decrease to: What would have been the balance in Emily's account if her parents had waited until her 10th birthday to make their initial deposit into the account? O $23,648 $43,476 0 $46,519 What-If Scenario 2 Emily's parents would have had to deposit: If Emily's parents wanted to accumulate an account balance of $25,000 as of her 22nd birthday, then how much should they have placed on deposit on her first birthday? O $11,100 O $6,038 O $5,643Step by Step Solution
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