1
answer
0
watching
117
views
13 Nov 2019
Problem 6: George Jetson wants to deposit $11,000 at the end of each year for 10 years into an annuity George's local bank offers an account paying 6% interest compounded annually. Find the final amount he will have on deposit. a. b. he deposits his money George's sister-in-law works in a bank that pays 3% compounded annually in this bank instead how much money will he have in his account? How much would George lose over 10 years by using his sister-in-law's bank instead of her local bank? c.
Problem 6: George Jetson wants to deposit $11,000 at the end of each year for 10 years into an annuity George's local bank offers an account paying 6% interest compounded annually. Find the final amount he will have on deposit. a. b. he deposits his money George's sister-in-law works in a bank that pays 3% compounded annually in this bank instead how much money will he have in his account? How much would George lose over 10 years by using his sister-in-law's bank instead of her local bank? c.
Deanna HettingerLv2
26 Oct 2019