Asked by Sharon
You plan to saving 6,400 per year, beginning immediately. Making 4 deposits in an account that pays 5.7% interest. How much will there be in 4 years from today?
Answers
Answered by
Henry
P = n*Po*(1+r)^t
P = 4*6400(1.057)^4 = $31,955.08
P = 4*6400(1.057)^4 = $31,955.08
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