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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 localbank offers an account paying 6% interest compounded annually. Find the final amount he will have on deposit. a George's sister-in-law works in a bank that pays 3% compounded annually. Ifhe deposits his money in this bank instead how much money will he have in his account? b. 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 localbank offers an account paying 6% interest compounded annually. Find the final amount he will have on deposit. a George's sister-in-law works in a bank that pays 3% compounded annually. Ifhe deposits his money in this bank instead how much money will he have in his account? b. How much would George lose over 10 years by using his sister-in-law's bank instead of her local bank? c.
Hubert KochLv2
6 Jan 2019