Question: Problem 6-7 Calculating Annuity Values (LO1) You plan to deposit $5,300 at the end of each of the next 20 years into paying 10.8 percent

Problem 6-7 Calculating Annuity Values (LO1) You plan to deposit $5,300

Problem 6-7 Calculating Annuity Values (LO1) You plan to deposit $5,300 at the end of each of the next 20 years into paying 10.8 percent interest. a. How much will you have in your account if you make deposits for 20 ye round intermediate calculations and round your answer to 2 decimal 32.16.) b. How much will you have if you make deposits for 40 years? (D intermediate calculations and round your answer to 2 decimal places a. $ Future value of 20 deposits Future value of 40 deposits 204,399.82 1,222,775.40 b. $

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