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Using a financial calculator, how do I compute: Avery Kate deposits $5000 a year

ID: 2662035 • Letter: U

Question

Using a financial calculator, how do I compute: Avery Kate deposits $5000 a year in a savingsaccount earning 8% annually. a) How much will be in the account at the end of the 12thyear? = $12, 590 now how do I figure this on my BA II plus calculator? b) How mNY YErs would be required to accumulate $20,000 underthe same assumptions? Using a financial calculator, how do I compute: Avery Kate deposits $5000 a year in a savingsaccount earning 8% annually. a) How much will be in the account at the end of the 12thyear? = $12, 590 now how do I figure this on my BA II plus calculator? b) How mNY YErs would be required to accumulate $20,000 underthe same assumptions?

Explanation / Answer

what? That didn't work at all and the answers are wrong

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