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You deposit $5000 each year into an account earning 4% interest compounded annually. How much will you have in the account in 35 years?

You deposit $5000 each year into an account earning 4% interest compounded annually. How much will you have in the account in 35 years?
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1 vote
You deposit $5000 each year into an account earning 4% interest compounded annually. How much will you have in the account in 35 years?

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User Hyat
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8.1k points

1 Answer

2 votes

Answer:

$ 402,722.01

Explanation:

You deposit $5000 each year into an account earning 4% interest compounded annually-example-1
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User Jonke
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7.6k points
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