Finance M4S.docx - 1 Sabrina deposits \$800 in an account at the end of each year for 5 years If the account pays 2 interest annually how much money will

# Finance M4S.docx - 1 Sabrina deposits \$800 in an account at...

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1) Sabrina deposits \$800 in an account at the end of each year for 5 years. If the account pays 2% interest annually, how much money will be in Sabrina's account at the end of 5 years? How much money will be in Sabrina's account at the end of 5 years?\$(Round to the nearest cent.) 2) Sabrina deposits \$500 in an account at the beginning of each year for 6 years. If the account pays 2% interest annually, how much money will be in Sabrina's accountat the end of 6 years?How much money will be in Sabrina's account at the end of 6 years?\$(Round to the nearest cent.) 3) Ethan sells his car to Seamus. Seamus promises to pay Ethan \$950 at the end of each year for 9 years. What is the present value of Seamus's promised payments if the interest rate is 6%?What is the present value of Seamus's promised payments?