Question: Future value. Jack and Jat are saving for a rainy day and decide to put $50 away in their local bark every year for the
Future value. Jack and Jat are saving for a rainy day and decide to put $50 away in their local bark every year for the next 30 years. The local Up.the-Hill Bark will pay them 9% cn their account. a. If Jack and Jit put the money in the account fa thfully at the end of every yeac, how much will they have in it at the end of 30 years? b. Ueflortunately. Jack had an acodent in which he sustained head injuries aflet only 10 years of savings. The medical bill has corne to saoo. is there enough in the rairy-day fund to cover it? a. If Jack and Jal put the money in the account faithlily at the end of every yeac, how moch will they have in it at the end of 30 years? (Round to the nearev cent)
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