What amount will be in the account in 20 years

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Reference no: EM131306590

1. Future Value. Sandra wants to deposit $100 each year for her son. If she places it in a savings account that pays 5%, what amount will be in the account in 20 years?

2. Future Value. Luis wants to know how much he will have available to spend on his trip to Belize in three years if he deposits $3,000 today at an interest rate of 9%.

Reference no: EM131306590

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