4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your account has an annual interest rate of 6%?

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asked May 15, 2021 213k views

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Whidy · Answer 1 · 2021-05-19T14:51:54+0000

Answer:16,920

Explanation:

first convert 6% to a decimal by moving the decimal point two times to the left. then multiply 3,000 by 0.06 which will equal 180 for one year. you then multiply 180 by 6 and get 1080. after you multiply 3000 by 6 which is 18000. subtract 1,080 from 18000 and you’ll get 16920

4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your account has an annual interest rate of 6%?

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4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your account has an annual interest rate of 6%?​

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4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your account has an annual interest rate of 6%?