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5. -15 Points) DETAILS BRECMBC9 12.1.025 MY NOTES ASK YOUR TEACHER PRACTIC As part of your retirement plan, you have decided to deposit $9.000 at the beginning of each year into an account paying 4% interest compounded annually. (Round your answers to the (5) How much (in ) would the account be worth after 10 years? (D) How much (Ins) would the account be worth after 20 years? (6) When you retire in 30 years, what will be the total worth (in s) of the account? () if you found a bank that paid on interest compounded annually rather than how much in 5) would you have in the account after 30 years? $ (O) Use the future value of an annuity due formula to calculate how much (in) you would have in the accountator 30 years of the bank in part() switched from annual compounding to compounding and you deposited $750 at the beginning of each month instead of $9,000 at the beginning of each year, Need Help? 8. (-/1 Points DETAILS BRECMBC9 12 1. TR 004 Manually calculate the compound amount and compound Interest (in $) for the investment. Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest $3,000 2 10 annually $ X Need Help? Read it Talk to a Tutor Sonia wants to have $13,000 in 10 years. Use Table 11-2 to calculate how much she should invest now in $) at 6% Interest, compounded by in order to reach the Round your to the nearest cent.) $ To teatr Need Help? Master Read

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