Question: MAP4C1- 7A Assignment - Financial Math Due: 8th, April 2022 Answer the following questions. [Use technology where possible] 1. Sam and Rebecca save money

MAP4C1- 7A Assignment - Financial Math Due: 8th, April 2022 Answer the following questions. [Use technology where possible] 1. Sam and Rebecca save money for retirement. Sam invests $550 at the end of each quarter for 24 years. Rebecca waits 12 yeais. She then invests $1100 at the end of each quarter for 12 years. Assume both accounts earn 8.9% per year compounded quarterly. a Catculate the total depusii vf eacii annuity. b) Determine the amount and interest earned of each annuity. ) Explain why investing earlier is a better strategy, even with the same total deposit.

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a Total Deposit of each annuity For Sam Amount per quarter no of quarters 550 4 24 52800 For Rebecca ... View full answer

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