Question: Deposit $ 9 , 0 0 0 at the beginning of each year into an account paying 3 % interest compounded annually. Round your answer

Deposit $9,000 at the beginning of each year into an account paying 3% interest compounded annually. Round your answer to the nearest cent. How much (in $) would the account be worth after 10years? How much (in$) would be the account worth after 20years?When you retire in 30 years, what will be the total (in $) of the account? If you found a bank that paid 6% interest compounded annually rather than 3%, how much (in $) would you have in the account after 30 years?Use the formula value of an annuity due formula to calculate how much ( in $) you would have in the account after 30 years of the bank in part (d) switched from annual compounding to monthly compounding and you deposited $750 at the beginning of each month instead of $9,000 at the beginning of each year?

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