Math $1324$

Iab Clapter $5$

Name $5\mathrm{.}1-5\mathrm{.}4$

Insfrections: Work cach of the fothowing problese in the spoue prowidod Soute any formala used and show the values of each variable in that formouls or if ening TVM Solone, state that you aned TVM Solver and the values of cach variable in the TVM Solver. Find alldolar amovels sos the ncarest eees. When an interest rate is indicate all annecrs.

Calcullate the fature values for Dawn's and Deve's invnutenents.

a$.$ Dawn invests $$2000$ each year of $10$ consecutive years, warting at age $25.$ Aasume an $876$ mamal rube of compousd. What was Dawne"s out$-$of$-$pockert amouer? How moch will Dusas have accumalated by age $657$

b$.$ Dave invests $$2000$ cach year for $30$ convecutive ycark, sanitg at age $35.$ Aswame the same $8\%$ annal fate of reburn with annual compounding, What was Dwe's out$-$ef$-$pocket amount? How much will Dave have accumtulated by age $65$

c$.$ Who contributed the most cent$-$of$-$pocker? Who made the mast moncy?