Question: Future Value Sandra wants to deposit $100 each year for her son. If she places it in an investment account that averages a 5% annual

Future Value Sandra wants to deposit $100 each year for her son. If she places it in an investment account that averages a 5% annual return, what amount will be in the account in 20 years? How much will she have if the account cams 8% a year? It she places id in a savings account that pays 5 percent, the amount that will be in the account in 20 years is $5,306.60. (Round to the nearest cont.) (Use your financial calculator or you may use the Financial Tables in Appendix Cin computing your answer. Relo

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