Sandra wants to deposit $190 each year for her son. If she places it in an...

 

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Sandra wants to deposit $190 each year for her son. If she places it in an investment account that averages a 2% annual return, what amount will be in the account in 15 years? How much will she have if the account earns 11% a year? C If she places it in a savings account that pays 2 percent, the amount that will be in the account in 15 years is $ (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer. If she places it in a savings account that pays 11 percent, the amount that will be in the account in 15 years is $ (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer. Sandra wants to deposit $190 each year for her son. If she places it in an investment account that averages a 2% annual return, what amount will be in the account in 15 years? How much will she have if the account earns 11% a year? C If she places it in a savings account that pays 2 percent, the amount that will be in the account in 15 years is $ (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer. If she places it in a savings account that pays 11 percent, the amount that will be in the account in 15 years is $ (Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer.

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To calculate the future value of Sandras investments we can use the formula for the future valu... View the full answer