Question: Question 3 (2 points) You plan to accumulate $271,000 over a period of 18 years by making equal annual deposits in an account that pays

 Question 3 (2 points) You plan to accumulate $271,000 over a
period of 18 years by making equal annual deposits in an account

Question 3 (2 points) You plan to accumulate $271,000 over a period of 18 years by making equal annual deposits in an account that pays an annual interest rate of 11% (assume all payments will occur at the end of each year). What amount must you deposit each year to reach your goal? O $58,933.27 $4,844.52 $41,414.81 $5,377.42 $4,263.18 Question 4 (2 points) If you deposit $12,000 per year for 9 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 12%, what will your account be worth at the end of 9 years? $177,307.88 $63,939.00 O $71,611.68 $198,584.82 $143,485.09

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