27. How muchwould George have to deposit in the bank today if he will beearning

Question

27.  How muchwould George have to deposit in the bank today if he will beearning a 6% annual rate of return and wants to have $5,000 in thebank at the end of five years?

28.  How muchwould George have to deposit in the bank at the end of each of thenext five years if he wishes to have $5,000 in the bank at the endof that time period, assuming she will be earning 6% annual rate ofreturn? (Round to the nearest dollar).    

29.  Kristendeposits $5,000 in the bank today. She will be earning 6% interestannually on her deposit. How much money will she have in the bankat the end of 5 years?   

30.  Kristendeposits $5,000 in the bank at the end of each year for five years.How much money will she have in the bank at the end of five years,assuming she will be earning 6% interest annually on herdeposits?

Explanation / Answer

27. How muchwould George have to deposit in the bank today if he will beearning

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