Question: Future Value. Sandra wants to deposit $50 each year for her son. If she places it in an investment account that averages a 4% annual

 Future Value. Sandra wants to deposit $50 each year for her

Future Value. Sandra wants to deposit $50 each year for her son. If she places it in an investment account that averages a 4% annual return, what amount will be in the account in 16 years? How much will she have if the account earns 9% a year? fshe places it in a savings account that pays 4 percent, the amount that will be in the account in 16 years is $. (Round to the nearest cont.) (Use your financial calculator or you may use the Financial Tables in Arrondixin computing your answer. mf she places it in a savings account that pays 9 percent, the amount that will be in the account in 16 years is $(Round to the nearest cent.) (Use your financial calculator or you may use the Financial Tables in Arpendix C in computing your

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