Question

Claude made annual deposits of $5400 at the beginning of every one-year period into a fund earning 8.8% compounded annually for nine years. No further deposits were made. (a) How much will be in the account twelve years after the first deposit? (b) How much in total was deposited? (c) How much interest will have been earned? a) The balance in the account twelve years after the first deposit will be $ ___ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The amount deposited was $ _ in total. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) c) Claude will have earned $ _____ in interest. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

          Claude made annual deposits of $5400 at the beginning of every one-year period into a fund earning 8.8% compounded annually for nine years. No further deposits were made.
(a) How much will be in the account twelve years after the first deposit?
(b) How much in total was deposited?
(c) How much interest will have been earned?

a) The balance in the account twelve years after the first deposit will be $ _______ .
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

b) The amount deposited was $ _______ in total.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

c) Claude will have earned $ _______ in interest.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Claude made annual deposits of 5400 at the beginning of every one-year period into a fund earning 8.8% compounded annually for nine years. No further deposits were made.
(a) How much will be in the account twelve years after the first deposit?
(b) How much in total was deposited?
(c) How much interest will have been earned?

a) The balance in the account twelve years after the first deposit will be .
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

b) The amount deposited was in total.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

c) Claude will have earned in interest.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Added by Kelly P.

Question

Please give Ace some feedback