Question: In one year, you will make an initial deposit in the amount of $5,000 in a new savings account. You plan to make additional deposits

In one year, you will make an initial deposit in the amount of $5,000 in a new savings account. You plan to make additional deposits in the same amount of $5,000 for 11 years after the initial deposit. There will only be these 12 deposits and no withdrawals made to your account. Assume the interest rate you will earn is 4% per year. How much will your account be worth in 12 years? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response Which of the following activities are chartered banks in Canada not legally allowed to engage in through their branches? Multiple Choice Help investors buy and sell securities. Accept deposits. Make commercial loans. Manage RRSPs. Sell life insurance

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