- I have $1,575.19 in my savings account right now. It earns 3.6% interest. If I deposit $200 into this account each
month, how much will I have in 3 years? - Find the future value of an “annuity” of $500 per year at 9% for 20 years, assuming that the 12th and 15th annual
payments are $850 instead of $500. - Leslie deposits $400 each month for 10 years into an investment account. She then increases her deposits to $500 per
month. If her account earns 8.4%, how much will she have at the end of 16 years? - Pat deposited $2,000 per year for 25 years into an account earning 9.35%. He missed his scheduled payment in years
10 and 15, and deposited an extra $3,000 in year 20. Find the future value of his account.
G. Additional Exercises- Suppose I deposit $125 per month for 10 years into an account earning 6%. For the next 15 years I increase my
deposits to $150 per month, then for the next 5 years after that I decrease my deposits to $80 per month. Find my
total future value.
Exercises 4.7 201Copyright © 2008, The McGraw-Hill Companies, Inc.