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13 Nov 2019
MATH-1326-THQ 11,2017-11-28 6: George Jetson wants to deposit $11,000 at the end of each year for 10 years into an annuity George's local bank o amount he will have on deposit. ffers an account paying 6% interest compounded annually. . Find the final George's sister-in-law works in a bank that pays 3% compounded annually. If he deposits his money in this bank instead how much money will he have in his account? b, c. How much would George lose over 10 years by using his sister-in-law's bank instead of her local bank? Page 7 of 7
MATH-1326-THQ 11,2017-11-28 6: George Jetson wants to deposit $11,000 at the end of each year for 10 years into an annuity George's local bank o amount he will have on deposit. ffers an account paying 6% interest compounded annually. . Find the final George's sister-in-law works in a bank that pays 3% compounded annually. If he deposits his money in this bank instead how much money will he have in his account? b, c. How much would George lose over 10 years by using his sister-in-law's bank instead of her local bank? Page 7 of 7
Elin HesselLv2
7 May 2019