5. You have just invested $3,000 into an account that will earn a 9% annual interest rate. You want to have exactly $8,000 in the account at the end of 5 years. The account allows you to make one deposit at the end of the 3rd year. In order to have exactly $8,000 at the end of year 5, how much must you deposit at the end of the 3rd year? a. $2,848.35 b. $2,613.17 c. $2,397.40 d. $3,384.13 e. None of the above answers is within $50 of the correct amount

Kk.3. You just turned 20 years old and want to retire when you turn 65. You plan to put $4,900 every year into a ROTH IRA, a retirement account from which you can withdraw money after retirement without having to pay any taxes. You expect to earn a return of 7% on your investments every year. a. How much money can you expect to have at age 65 if you make your first annual deposit now and your last one on the day you turn 64? b. How much money can you expect to have at age 65 if you make your first deposit 10 years from now (at age 30) and your last one on the day you turn 64?

19,  Suppose starting this year you decide to make deposits of $5,000 at the end of each year for the next five years in a bank account paying 10% interest.  If you currently have $3,000 in the account how much will you have at the end of five years?   1. $25,255.05   2. $36,742.22   3. $35,357.03   4. $30,272.35   5. $28,500.60

5. a) Complete the following table for the first 4 periods of an annuity that pays 8.2% compounded monthly. You are making $250 payments at the end of each period. Your initial deposit is $3000. Period Interest earned Payment Ending Balance 3000.00 2 4 b) How much will be in your account at the end of the 4th period? c) How much did you contribute? d) How much interest was earned?