Rocky Alcoa has decided to start saving for her daughter's wedding by depositing $4200 at the end of every year for 15 years. Assuming the bank pays interest at the rate of 4%, how much money will be in the account immediately after the 15th deposit? (Round your answer to the nearest dollar)
|Particulars||amount($)||interest($)||total at end($)|
Yearly deposit amount = 4200$
Interest per annum = 4%
At the end of the 15th year/ after 15th year amount will be receiving is = 87,463$
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