ignment: Chapter 04 Time value of Money ck to Assignment Attempts Keep the Highest 3. Futurevalue of annuities I When payments are made at the end of each penod, you can treat them as an ordinary annuity You are planning to put $9,500 in the bank at the end of each year for the next seven years in hopes that you will have enough money for a down payment on a condo: 11 you are investing at an annual interest rate of S4, bow much money will you have at the end of seven years--rounded to the nearest whole dollar $92,819 $81,216 377,349 $61,879 You've decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of 19,500 at an annual interest rate of 5%. How much money will you have availabie at the end of seven years-rounded to the nearest whole dollar? 556,855 5113,702 57,349 181210