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3 September, 08:25

If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years.

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  1. 3 September, 08:48
    0
    Possibly $56000 or give me one sec for the hard answer,.
  2. 3 September, 08:50
    0
    N=10

    %=12

    Prnt=5000

    FV=?

    P/Y=1

    C/Y=1

    $57,179.44
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