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# Rocky Alcoa has decided to start saving for her daughter's wedding by depositing \$4200 at the...

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(\$) 1st year 4200 168 4368 2nd year 4368+4200 342.72 8910.72 3rd year 8910.72+4200 5244.43 13635.15 4th year 13635.15+4200 713.40 18548.55 5th year 18548.55+4200 909.94 23658.49 6th year 23658.49+4200 1114.34 28972.83 7th year 28972.83+4200 1326.91 34499.74 8th year 34499.74+4200 1547.99 40247.73 9th year 40247.73+4200 1777.91 46225.64 10th year 46225.64+4200 2017.02 52442.66 11th year 52442.66+4200 2265.71 58908.37 12th year 58908.37+4200 2524.33 65632.70 13th year 65632.70+4200 2793.31 72626.01 14th year 72626.01+4200 3073.04 79899.05 15th year 79899.05+4200 3363.96 87463.01

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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