Part 1 How long will it take to save $1701.00 by making deposits of $146.00 at the end of every year into an account earning interest at 7% compounded annually? State your answer in years and months ( from 0 to 11 months). Question content area bottom Part 1 It will take enter your response here year(s) and enter your response here month(s).

3 How much is accumulated in each of the following savings plans over X years? X= Y= Z= A= 1 years 30 $ 20 $ 24% $Y deposited at the end of each month at A% compounded monthly Try Again $Z deposited at the end of the first month, $Z+1 at the end of the second month, and so forth, increasing by $1 per month, at A% compounded monthly. Try Again

Saving Later Plan 2: Invest $350 at the end of each month into an account paying 7.5% compounded monthly for 15 years then leave the money in the account earning interest until retirement (making no additional withdrawals or investments until retirement). Using the assumptions above, write down your answer to each of the following questions. 19. Create the following table of values for this investment plan. Saving Later Plan 2, tuho table should be handwritten) to find the amount available after 15 years. Write N/A next to any variable that does not apply and write Solve next to the appropriate varlable. P%3D r = A = M = n = 20. Indicate the best formula to use to compute the amount available after 15 years. 21. Substitute the values into the formula and compute how much money will be available after 15 years.

Saving Later Plan 2: Invest $350 at the end of each month into an account paying 7.5% compounded monthly for 15 years then leave the money in the account earning interest until retirement (making no additional withdrawals or investments until retirement). Using the assumptions above, write down your answer to each of the following questions: 19. Create the following table of values for this investment plan, Saving Later Plan 2, (the table should be handwritten) to find the amount available after 15 years. Write N/A next to any variable that does not apply and write Solve next to the appropriate variable. P = A = t 3D M =