Question: Due No Due Date Points 56 Submitting an external tool Available until Jun 2 at 11:59 Homework 1.7: Annuities Score: 10.66/56 7/16 answered Question 10

 Due No Due Date Points 56 Submitting an external tool Available

Due No Due Date Points 56 Submitting an external tool Available until Jun 2 at 11:59 Homework 1.7: Annuities Score: 10.66/56 7/16 answered Question 10 A. Leire deposits $200.00 every month into an account earning 3% interest compounded monthly. How much will Leire have in the account in 34 years? Leire will have in the account in 34 years. B. Alternatively, Leire could make a single deposit into an account earning 3% compounded monthly for 34 years. How much would the lump sum deposit (single deposit) have to be in order to have saved the same amount of money in the account? Leire would have to make a lump sum deposit of Hint Question Help: Video 1 Video 2 Q Video 3 ) Video 4 Submit

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