Ask Question
29 January, 15:12

You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $6,400 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? $29,461.93 $22,980.31

+1
Answers (1)
  1. 29 January, 18:10
    0
    The dollar amount at the end of 4 years will be ...

    ... (((6400*1.057 + 6400) * 1.057 + 6400) * 1.057 + 6400) * 1.057 = 29,461.93

    4 years from today, you will have $29,461.93.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $6,400 per year, beginning ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers