Question: please answer both. Question 12 (6.66 points) Assume that you deposit $ 544 each year for the next 15 years into an account that pays

please answer both. please answer both. Question 12 (6.66 points) Assume that you deposit $

Question 12 (6.66 points) Assume that you deposit $ 544 each year for the next 15 years into an account that pays 17 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 13(6.66 points) How much must you deposit in an account today so that you have a balance of $ 8,405 at the end of 6 years if interest on the account is 14 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your

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