Quantitative Problem 1 You plan to deposit $2,400 per year for 5 years into a money market account with an annual return of 2 You plan to make your first deposit one year from today What amount will be in your account at the end of 5 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 5 years Do not round intermediate calculations Round your answer to the nearest cent $ You don't have to show work Thanks

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Question: Quantitative Problem 1: You plan to deposit $2,400 per year for 5 years into a money market account with an annual return of 2%. You

Quantitative Problem 1: You plan to deposit $2,400 per year for 5 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today.

What amount will be in your account at the end of 5 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 5 years? Do not round intermediate calculations. Round your answer to the nearest cent.
$

You don't have to show work. Thanks

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