Question: Problem 5-9 Calculating Annuity Values [LO 1] Assume you deposit $5,100 at the end of each year into an account paying 9.75 percent interest. Requirement

Problem 5-9 Calculating Annuity Values [LO 1]

Assume you deposit $5,100 at the end of each year into an account paying 9.75 percent interest.

Requirement 1:

How much money will you have in the account in 18 years?(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Annuity future value

Requirement 2:

How much will you have if you make deposits for 36 years?(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Annuity future value

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