Question: hey i dont understand these, can you help please 14. Six years ago, Jay started investing $10,500 per year in an account that earned 5.00%
14. Six years ago, Jay started investing $10,500 per year in an account that earned 5.00% per year. He just switched to a fund that will pay 6.20% per year. If Jay continues to deposit $10,500 per year, how much will he have in his account in exactly seven years? a. $192,027,74 b. $193,454.08 c. $195,524.70 d. $197,490.39 c. $200,475.98 15. Suppose you deposit $1,681.00 into an account today that earns 13.00%. It will take years for the account to be worth $2,936.00. a. 2.21 b. 3.37 c. 4.56 d. 5.34 e. 6.15 16. What is the value today of a security that will pay $8,000.00 every six months for 10 years, assuming the first payment will be made exactly six months from today and the interest rate is 8.00%? a. $67,951.63 b. $76,458,42 c. $81,541.96 d. $90.345.74 e. $108,722.61
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