Question: 8% interest compounded annually. Question #1 : Rounded to the nearest whole dollar, how much will Jesse have in his account at the end of
8% interest compounded annually. Question #1 : Rounded to the nearest whole dollar, how much will Jesse have in his account at the end of year five, immediately after his last payment? Note: You may use the factor tables located in the appendix select should open up in a new window on your computer Answer: $ (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.) Question #2: Rounded to the nearest whole dollar, how much in total interest did Jesse earn over the entire five years? Answer: $ Future Value of a Lump Sum Present Value of a Lump Sum Future Value of an Annuity Present Value of an Annuity
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