Asked by Lindsey
you plan to go back to school for 4yrs . You plan to save 6,400/yr beginning immediately . 4 deposits are made in an account that pays 5.7% interest. How much will you have 4yrs from today
Answers
Answered by
DrBob222
It depends upon how much was deposited each of the four times, what time the deposits were made (at the same time, monthly, quarterly, annually), and if the 5.7% interest is simple or compounded. If compounded is it daily, quarterly, monthly, just what?
Answered by
Lindsey
Its saving 6,400 per yr
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