You decide to start saving for a dream vacation by putting money into a savings account that pays 2.5% APR compounded annually. You will make the first deposit $4,500 at the end of the first year and increase their deposit by $300 each year after that, how much money will be in that account in 15 years? (Assume you do make your last deposit at the end of 15 years.)
Get Answers For Free
Most questions answered within 1 hours.