Question: Future value. Jack and Jill are saving for a rainy day and decide to put $ 4 0 away in their local bank every year
Future value. Jack and Jill are saving for a rainy day and decide to put $ away in their local bank every year for the next years. The local UptheHill Bank will pay them on their account.
a If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of years?
b Unfortunately, Jack had an accident in which he sustained head injuries after only years of savings. The medical bill has come to $ Is there enough in the rainyday fund to cover it
a If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of years?
Round to the nearest cent.
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