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31 July, 13:16

5. You want to buy a new sports car 3 years from now, and you plan to save $6,700 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?

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  1. 31 July, 13:30
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    6,700 (1+0.052) ^x that's your formula, you will only have to plug in 3 into x to find how much you saved.
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