Suppose you deposit $1,908.00 into and account 4.00 years from today into an account that earns 6.00%. How much will the account be worth 14.00 years from today?

Final value = $3,041.06

Explanation:

Giving the following information:

You deposit $1,908.00 into an account 4 years from today into an account that earns 6.00%.

To calculate the final value we need to use the following formula:

FV = PV * (1+i) ^n

PV = 1,908

n=8 years

i = 6%

FV = 1,908 * (1.06) ^8 = $3,041.06