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Using a financial calculator or spreadsheet, calculate the following: a. The future value of a deposit of $320 left in an account paying 6% annual
Using a financial calculator or spreadsheet, calculate the following: a. The future value of a deposit of $320 left in an account paying 6% annual interest for 10 years. b. The future value at the end of 4 years of an annual end-of-year deposit of $1,070 into an account paying 8% annual interest. a. The future value, FV, on a deposit of $320 left in an account paying 6% annual interest for 10 years is $ . (Round to the nearest cent.) b. The future value, FV at the end of 4 years of an annual end-of-year deposit of $1,070 into an account paying 8% annual interest is $ . (Round to the nearest cent.)
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