SOLUTION: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 25 years?
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Question 1195617: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 25 years?
Answer by ikleyn(52777) (Show Source): You can put this solution on YOUR website!
.
You did it very well by coming with your question to this forum.
I will not solve the problem for you - - - I will do better: I will teach you on how you can solve it
on your own, by showing you a TEMPLATE of just solved similar problem.
See the lesson
- Solved problems on Ordinary Annuity saving plans
in this site, Problem 1.
Use this template to solve the given problem in the same way.
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