My assigned number is 2

Problem Set 2 Question 1 A has 1 and 2 Question 1 B has 1 and 2. Question 2 A has one question Question 2 B has 1, 2, 3 Question 1 Compound Interest and Savings Annuities Use the information in the chart below on the line that corresponds to your assigned number, to answer the following questions. Be sure to show all the steps you took to reach your answers. A. You open a savings account that pays compound interest. 1. Find the total amount (a/k/a future value) in the compound interest account afterfive years, assuming no withdrawals are made. 2. How much of this total amount is interest? B Instead of a compound interest savings account, you set up a savings annuity at the same rate as the compound saving account. 1. How much will be in the account after five years. 2. How much of this total in the account is interest? Assigned # Total Amount Annual Interest # times interest is Amount paid into Invested in Rate compounded savings annuity compound account every month interest account for five years 1. 3000 2.3% Monthly 50 2. 2400 3.5% Monthly 40 3. 3600 4.6% Monthly 60 4. 1200 2.7% Monthly 20 5. 1800 3.1% Monthly