Question 1202828
you can use a calculator to solve this.
you can use formulas as well, but calculator is preferred unlesd your instructore forces you to use formulas.
if so, come back anf i'll give you formulas.


first find the future value of the 21000 invested when yumi was 9, until she was 17.
next find the payments required at the end of each year for the next 4 years.


future value is 27652.99
this is what she'll have when she turns 17.


the annual payment to be made at the end of each of the next 4 years at 4% per year will be equal to 7618.12


the online calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


here are the results.


<img src = "http://theo.x10hosting.com/2023/062101.jpg">


<img src = "http://theo.x10hosting.com/2023/062102.jpg">


for the first calculation, inputs are profided for evrything except future value.


for the second calculation, the future value from the first calculation beomes the present value for the second calculation and inputs are provided for evrything except payment amount.


let me know if you have any questsions.
theo