Question: (2 points) Use a graphing calculator, a spreadsheet, or mathematical software to answer the questions. A person deposits $1600 at the end of each year

(2 points) Use a graphing calculator, a spreadsheet, or mathematical software to answer the questions. A person deposits $1600 at the end of each year into an annuity earning 5.25% interest compounded annually. (a) What are the balances (that is, future values) after 2, 3, and 4 years? Year Balance $1600 4 (b) How many years are required for the balance to reach $28796? (Round to the nearest year.) years (c) After how many years will the balance exceed $42158? (Round to the nearest year.) years
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