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Question 11 (6.66 points)

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I plan to deposit $ 148 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t = 0) and the last deposit will be made at the end of year 24 (that is, at t = 24). I plan to make no other deposits. Assuming that I will earn 12.53 % p.a. on my retirement funds, how much money will I have accumulated 36 years from today (that is, at t = 36)? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).

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Question 12 (6.66 points)

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Assume that you deposit $ 1,383 each year for the next 15 years into an account that pays 17 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).

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Question 13 (6.66 points)

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How much must you deposit in an account today so that you have a balance of $ 11,320 at the end of 13 years if interest on the account is 13 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).

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