Question

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

Answer 1

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?

Answer 2

Its saving 6,400 per yr