Question: Quantitative Problem 1: You plan to deposit $2,400 per year for 4 years into a money market account with an annual return of 3%. You

Quantitative Problem 1: You plan to deposit $2,400 per year for 4 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today.

What amount will be in your account at the end of 4 years? Do not round intermediate calculations. Round your answer to the nearest cent.

Assume that your deposits will begin today. What amount will be in your account after 4 years? Do not round intermediate calculations. Round your answer to the nearest cent.

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