Homework 5: Time value of money You make a onetime deposit of $2000. Your investment period...

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Homework 5: Time value of money
You make a onetime deposit of $2000. Your investment period is40 years and the interest rate is 9%. How much you willhave in your account after 40 years.
You decide to make an annuity deposit every year. You earn 9%on your investment. If the deposit amount is$2000 per year, how much you will have in your account after 40years provided (i) deposits are made at the end of eachyear (ii) deposits are made at the beginning of each year

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Homework 5: Time value of moneyYou make a onetime deposit of $2000. Your investment period is40 years and the interest rate is 9%. How much you willhave in your account after 40 years.You decide to make an annuity deposit every year. You earn 9%on your investment. If the deposit amount is$2000 per year, how much you will have in your account after 40years provided (i) deposits are made at the end of eachyear (ii) deposits are made at the beginning of each year