Question $9(8$ points$)$

You deposit $$6,417$ in your account today. You make another deposit at $t=1$ of $

$6,215.$ How much will there be in your account at the end of year $1$ if the interest

rate is $6\mathrm{.}8$ percent p$.$a$.?($Record your answer without a dollar sign, without commas

and round your answer to $2$ decimal places; that is$,$ record $$3,245\mathrm{.}847$ as $3245\mathrm{.}85).$

Your Answer:

Answer

Question $10(8$ points$)$

You deposit $$63,990$ in your account today. You make another deposit at $t=1$ of $

$86,725.$ How much will there be in your account at the end of year $2$ if the interest

rate is $5$ percent p$.$a$.?($Record your answer without a dollar sign, without commas

and round your answer to $2$ decimal places; that is$,$ record $$3,245\mathrm{.}847$ as $3245\mathrm{.}85).$

Your Answer:

Answer

Question $11(8$ points$)$

Your account pays interest at $7$ percent p$.$a$..$ You deposit $$14,111$ in it today. You

must have exactly $$73,775$ in the account at the end of two years. What should you

do at the end of the first year $($that is$,$ what dollar amount must you deposit$)$ to

ensure this? $($Record your answer without a dollar sign, without commas and round

your answer to $2$ decimal places; that is$,$ record $$3,245\mathrm{.}847$ as $3245\mathrm{.}85).$