You are planning to put $5,000 in the bank at the end of each year for the next eight 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 6%, how much money will you have at the end of eight yearsrounded to the nearest whole dollar?

$49,487

$39,590

$59,384

$52,456

Youve 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 $5,000 at an annual interest rate of 6%. How much money will you have available at the end of eight yearsrounded to the nearest whole dollar?

$52,456

$73,438

$49,487

$36,719