Updated Data for the question below-

When you were born your parents set up a bank account in your name with an initial investment of $5,700. You are turning 21 in a few days and will have access to all your funds. The account was earning 7.3 percent for the first seven years, but then the rates went down to 5.5 percent for six years. Your account then earned 8.2 percent three years in a row. Unfortunately, the next two years you earned only 4.6 percent. Finally, as the economy recovered, the return jumped to 7.6 percent for the last three years.

Problem 5.34 When you were born your parents set up a bank account in your name with an initial investment of $5,700. You are turning 21 in a few days and will have access to all your funds. The account was earning percent for the first seven years, but then the rates went down to 5.5 percent for six years. Your account then earned 8.2 percent three years in a row. Unfortunately, the next two years you earned only 4 percent. Finally, as the economy recovered, the return jumped to 7.6 percent for the last three years Your answer is incorrect. Try again. How much money was in your account before the rates went down drastically at the end of year 16 cases round your input answers to the nearest penny.) (If you solve this problem with algebra round intermediate calculations to 6 decimal places, Investment value at age 16 years 16,348.32 LINK TO TEXI INTERACTIVE TUTORIAL XYour answer is incorrect. Try again. How much money is in your account now, at the end of Year 21? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your input ans the nearest penny.) Investment value at age 21 years 22,282.98 INTERACTIVE TUTORIAL Your answer is incorrect. Try again. What would be the balance now if your parents made another deposit of $1,200 at the end of year 7? (If you solve this problem with algebra rou cases round your input answers to the nearest penny.) Balance at the end of year 7 24,538.24 LINK TO TEXT INTERACTIVE TUTORIAL