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You have just made your first $4,000 contribution to your individual retirement account. Assume you earn an annual return 11.05 percent and make no additional

You have just made your first $4,000 contribution to your individual retirement account. Assume you earn an annual return 11.05 percent and make no additional contributions. What will your account be worth when you retire in 44 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value $ What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value $

For each of the following, compute the future value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$ 3,150 6 13 % $
8,453 19 7 $
89,305 13 9 $
227,382 21 5 $

For each of the following, compute the present value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$ 15 4 % $ 17,328
$ 8 9 41,517
$ 13 12 790,382
$ 25 11 647,816
Please Help with the Following :) Work shown would be Much Appreciated! :)

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