you plan to deposit $22,450 into a savings account that has a 6.33% interest rate compounded monthly. what…

you plan to deposit $22,450 into a savings account that has a 6.33% interest rate compounded monthly. what will be the balance of your savings account after 9 years? use this formula: $a = p(1+\frac{r}{n})^{nt}$ enter the dollar amount rounded to the nearest cent. your answer: answer question 10 (4.5 points) how much money should be deposited today in an account that earns 6.16% compounded monthly so that it will accumulate to $14,900 in 9 years? use this formula: $pv=\frac{fv}{(1 + \frac{r}{n})^{nt}}$ enter the dollar amount rounded up to the nearest cent. your answer: answer

Answer