Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3. If she earns 3.4 percent on her savings, how much money will she have saved at the end of Year 3?

Total savings = $2,468.7

Explanation:

Giving the following information:

Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3.

Annual rate = 3.4%

To calculate the final value of the investment, we need to apply the following formula to each deposit:

FV = PV * (1+i) ^n

Deposit 1 = 600*1.034^2 = 641.50

Deposit 2 = 800*1.034 = 827.2

Deposit 3 = 1,000

Total = $2,468.7