Question: Question Completion Status: Module 8: Interest and Annuities a. Suppose you make an investment of $5,000 in an account earning 8.8% interest compounded monthly. How

Question Completion Status: Module 8: Interest and Annuities a. Suppose you make an investment of $5,000 in an account earning 8.8% interest compounded monthly. How many years will it take for your investment to grow to $200,000? SHOW YOUR WORK IN STEPS. (Round your answer to the nearest tenth of a year.) b. Calculate the future value of the annuity. SHOW YOUR WORK IN STEPS. Present Value Interest Rate Payments Timing of Payment Years $2000 9% daily $1050 semi-annually End 20 c. Determine whether the scenario below represents an annuity. In at least one complete sentence, explain your reasoning and justify your answer. A debt of six monthly payments in the amounts of $50, $100, $150, $200, $250, and $300

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