You need to accumulate $97,000 CAD [to be entered into cell B1] in 11 years [to be entered into cell B2]. You can earn a rate of 8.09% per year [to be entered into cell B3] on your account.

Problem #2: You need to accumulate $97,000 CAD [to be entered into cell B1] in 11 years [to be entered into cell B2]. You can earn a rate of 8.09% per year [to be entered into cell B3] on your account. A B C Future Value Years Annual Rate Annual Payment mlm'e'w'n'wh (a) How much should you be depositing at the end of each year to accumulate $97,000 after 11 years [cell B5]? Use the PMT function. (b) What is the correct formula (using 16 characters or less) that should be placed in cell B5? Problem #2(a}: I Answer correct to 2 decimals Problem #203}