Question: 4. Quantitative Problem 1: You plan to deposit $1,600 per year for 6 years into a money market account with an annual return of 3%.

4. Quantitative Problem 1: You plan to deposit $1,600 per year

Quantitative Problem 1: You plan to deposit $1,600 per year for 6 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. Quantitative Problem 1: You plan to deposit $1,600 per year for 6 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Round your answer to the nearest cent

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