Using the compound interest tables, answer each of the following questions.
Required:
a. Future value of an annuity due when the periodic amount is known, table
a. Pedro has decided he can save $5,000 a year for the next seven years, starting today. What amount will be available seven years from today if the investment account earns 12% compounded annually?
b. Anaposa needs $30,000 ten years from today. She has found an investment account that earns 9% compounded annually. How much must she deposit into that account each year for the next ten years, starting today to achieve her investment goal?

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The Answer of Using the compound interest tables, answer each of the following questions.
Required:
a. Future value of an annuity due when the periodic amount is known, table
a. Pedro has decided he can save $5,000 a year for the next seven years, starting today. What amount will be available seven years from today if the investment account earns 12% compounded annually?
b. Anaposa needs $30,000 ten years from today. She has found an investment account that earns 9% compounded annually. How much must she deposit into that account each year for the next ten years, starting today to achieve her investment goal?

Using the Compound Interest Tables, Answer Each of the Following