Question: answer problem completely Problem 5-9 Calculating Annuity Values [LO 1] Assume you deposit $4,500 at the end of each year into an account paying 10.75

answer problem completely

Problem 5-9 Calculating Annuity Values [LO 1] Assume you deposit $4,500 at the end of each year into an account paying 10.75 percent interest. a. How much money will you have in the account in 25 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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