Question

You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

a. How much money will you have in the account in 16 years?

Answer 1

4852.80

Step-by-step explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80