Question

Use technology to apply the future value (FV) function and to answer the following questions. a. What is the balance in an account after 21 years with monthly deposits of $125 and an APR of 4%? b. If you double the APR in part (a), is the balance double, more than double, or less than double the balance in part (a)? c. If you double the number of years in part (a), is the balance double, more than double, or less than double the balance in part (a)? a. The balance in the account after 21 years is $ (Round to the nearest cent as needed.) , which is the balance in part b. If you double the APR in part (a) the balance in the account after 21 years is (a). (Round to the nearest cent as needed.) ors is ), which is , which is the c. If you double the number of years in part (a) the balance in the account after 42 years is $ balance in part (a). (Round to the nearest cent as needed.)