asked 222k views
3 votes
Deja wants to put as much as she can into a retirement account as soon as she starts working. She deposits $10,000 at then end of each year for 5 years in an account paying 6% interest compounded annually. How much will she have in the account at the start of the 6th year?

asked
User Frigo
by
8.3k points

1 Answer

7 votes
The answer is $56,370.93. 
answered
User Antoine Rosset
by
7.7k points
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