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When equal payments are made at fixed intervals for a specified number of periods, you can treat them as You are planning to put $9,500
When equal payments are made at fixed intervals for a specified number of periods, you can treat them as You are planning to put $9,500 in the bank at the end of each year for the next six years in hopes that you will have enough money for a trip around the world. If you are investing at an annual interest rate of 5%, how much money will you have at the end of six years-rounded to the nearest whole dollar? $67,849 $51,694 $64,618 $77,542 You've decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of $9.500 at an annual interest rate of 5% How much money will you have available at the end of six years-rounded to the nearest whole dollar? 394,989 $47,494 $64,618 $67,849
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