SOLUTION: You deposit $3000 at the beginning of each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?

SOLUTION: You deposit $3000 at the beginning of each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?

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Question 1202513: You deposit $3000 at the beginning of each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
i get 112,659.13 using the calculator at https://arachnoid.com/finance/

here are the results from using that calculator.

present value was 0.
payment at the beginning of each time period was -3000
interest rate per time period was 3% per year.
number years was 25.

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