Question: Problem 5-9 Calculating Annuity Values [LO 1] Assume you deposit $4,100 at the end of each year into an account paying 9.75 percent interest. a.
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Problem 5-9 Calculating Annuity Values [LO 1] Assume you deposit $4,100 at the end of each year into an account paying 9.75 percent interest. a. How much money will you have in the account in 21 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. How much will you have if you make deposits for 42 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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