Ask Question
28 September, 12:35

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?

+1
Answers (1)
  1. 28 September, 15:28
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers