Question: Please answer the three questions below. Question 4 (6.66 points) Assume that you deposit $6,294 each year for the next 15 years into an account

Please answer the three questions below.

Please answer the three questions below. Question 4 (6.66 points) Assume that

Question 4 (6.66 points) Assume that you deposit $6,294 each year for the next 15 years into an account that pays 15 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 5 (6.66 points) Assume that you deposit $2,344 into an account that pays 12 percent per annum. How much money will be in the account 25 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 6 (6.66 points You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 102 (frst payment made at t 1), followed by five annual payments of $ 515, followed by four annual payments of $ 894. How much did you borrow? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign) Your

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