Time Remaining $1$ hour $20$ minutes $50$ seconds$01$:$20$:$50$

eBookItem $2$

Time Remaining $1$ hour $20$ minutes $50$ seconds$01$:$20$:$50$

Assume you deposit $$5,000at$ the end $of$ each year into $an$ account paying $9\mathrm{.}5$ percent interest.

How much money will you have $in$ the account $in19$ years?

Note: $Do$ not round intermediate calculations and round your answer $to2$ decimal places, $e.g.,32\mathrm{.}16.$

How much will you have $if$ you make deposits for $38$ years?

Note: $Do$ not round intermediate calculations and round your answer $to2$ decimal places, $e.g.,32\mathrm{.}16.$