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You deposit $1000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 15 years? Suppose

image text in transcribedimage text in transcribedimage text in transcribed You deposit $1000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 15 years? Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $ You deposit $100 each month into an account earning 5\% interest compounded monthly. a) How much will you have in the account in 30 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $

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