You are saving for a new house. You place $47,000 into an investment account at the...

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You are saving for a new house. You place $47,000 into an investment account at the end of each year for five years. How much will you have after five years if the account earns (a) 5%, (b) 7%, or (c) 9% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Annuity Payment Annual Rate Interest Compounded Period Invested Future Value of Annuity a. $ 47,000 5% Annually 5 years $ 59,985.23 b. 47,000 7% Annually 5 years 65,919.93 C.. 47,000 9% Annually 5 years 72,315.33 You are saving for a new house. You place $47,000 into an investment account at the end of each year for five years. How much will you have after five years if the account earns (a) 5%, (b) 7%, or (c) 9% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Annuity Payment Annual Rate Interest Compounded Period Invested Future Value of Annuity a. $ 47,000 5% Annually 5 years $ 59,985.23 b. 47,000 7% Annually 5 years 65,919.93 C.. 47,000 9% Annually 5 years 72,315.33