kermi2705 kermi2705

25-07-2017
Mathematics

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Margaret plans to deposit $500 on the first day of each of the next five years, beginning today. if she earns 4% compounded annually, how much will she have at the end of five years?

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25-07-2017

Future Value: Total =$3,424.81
Deposits: = $ $3,424.81
Interest Earned: $424.81

The question is unclear, I calculated $500 yearly deposit with the compound.

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