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You want to have $64,000 in your savings account 8 years from now, and you're prepared to make equal annual deposits into the account at
You want to have $64,000 in your savings account 8 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.5 percent interest, what amount must you deposit each year? Multiple Choice $4,160.01 $4,159.98 $8,000.00 O O $10,568.60 O O $6,351.19 What is the future value of $1,000 in 21 years assuming an interest rate of 6 percent compounded semiannually? Multiple Choice $3,287.66 $1,119.45 $3,399.56 O $3,460.70 O $1,203.78 You are planning to make monthly deposits of $150 into a retirement account that pays 12 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 17 years? Multiple Choice $99,196.16 $104,155.97 $87.990.61 $94,236.35 $1,190,353.95
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