AutoSave . Off) Document1 - Word Jasmin K Alvarado X File Home Insert Design Layout References Mailings Review View Help Foxit PDF Search Share...

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AutoSave . Off)Document1 - WordJasmin K AlvaradoXFileHomeInsertDesignLayoutReferencesMailingsReviewViewHelpFoxit PDFSearchShareCommentsLOXCalibri (Body) * 11 - A" A" Aa- ACopyAaBbCcDc AaBbCcD< AaBbCc AaBbCcCAaBAaBbCCC AaBbCCDFindReplacePasteTitleFormat PainterBI U - ab x x A LA.1 Normal 1 No Spac...Heading 1 Heading 2SubtitleSubtle Em... =SelectClipboardGFontParagraphStylesEditingFor questions #12 and 13, find the annuity or periodic deposit amount of an annuity for each situation.12. You deposit $975 in an IRA (Individual Retirement Account) at the end of each month for 22years. The interest rate is 5.65% compounded monthly.a. Find the value of your IRA in 22 years. Round answer to the nearest penny.b. Calculate the interest you have gained from your IRA over 22 years. Round answer to thenearest penny.13. You would like to save $287,000 in the next seventeen years in order to retire. If you makeregular, end-of-month deposits in an annuity that pays 7.09% compounded monthly.a. How much money should you deposit each month to reach your goal? Round answer up tothe nearest dollar.b. How much interest have you gained over the course of 17 years?For question #14, find the monthly loan payments. Round answers to the nearest penny.14. You want to buy a $25,000 car so you decide to take a loan out for the exact amount. The loancompany that you choose offers a 7.13% interest rate for 6 years.a. What will your monthly payment be?b. How much interest is your loan company putting on your car?Page 1 of 1 393 words+ 130%aWNTITTITSN7PS10:43 PM6/16/2019