Suppose that you make 35 annual deposits of $2,869 in an account paying 10% APR with daily compounding. Assuming that the first deposit will occur six years from now and that each of the remaining deposit will occur exactly one year apart, how much money will be in the account 40 years from now? Round your final answer to two decimals.

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A: Future Value = P * (1 + i/n)(n x t)Where: P = Initial Invested amount i = Annual interest rate n =…

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Q: If you invest $1700 in an account paying 7% compounded continuously, how much money will be in the…

A: Amount Invested = $1700 Interest Rate = 7% Interest Rate per week(r) = 7%/52 Number of weeks (n)= 65…

Q: Suppose that you deposit $200 at the end of each month into an account paying an expected annual…

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A: Compound = Semiannually = 2Future Value = fv = $270Time = t = 5 * 2 = 10

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A:

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A: Maturity Amount, A  = $ 5637Principal deposited, P = $ 1,296Time period, T = 9 years

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A: the given information  amount = $850,000 interest rate = 5.25%

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