Question: = Homework: Homework for Section 5.3 Question 12, 5.3.39-BE Part 1 of 4 HW Score: 37.76%, 5.29 of 14 points Points: 0.29 of 1 Save

 = Homework: Homework for Section 5.3 Question 12, 5.3.39-BE Part 1

= Homework: Homework for Section 5.3 Question 12, 5.3.39-BE Part 1 of 4 HW Score: 37.76%, 5.29 of 14 points Points: 0.29 of 1 Save A woman deposits $14,000 at the end of each year for 6 years in an investment account with a guaranteed interest rate of 4% compounded annually. (a) Find the value in the account at the end of the 6 years. (b) Her sister works for an investment firm that pays 3% compounded annually. If the woman deposits money with this fir instead of the one in part (a), how much will she have in her account at the end of 6 years? (c) How much would she lose or gain over 6 years by investing in her sister's firm? because the deposits are made at the of each period. Therefore, (a) The woman's deposits form an the formula ordinary annuity annuity due

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