Question: 1-Calculating Annuity Future Values. You are planning to make monthly deposits of $475 into a retirement account that pays 10 percent interest compounded monthly. If

1-Calculating Annuity Future Values. You are planning to make monthly deposits of $475 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years?

2-Calculating Annuity Future Values. In the previous problem, suppose you make $5,700 annual deposits into the same retirement account. How large will your account balance be in 30 years?

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