SOLUTION: You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting t

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Question 1080904: You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting today: $649, $698, $692, and $733. If the account pays 5.90 percent annually, how much will you have at the end of four years? (Round answer to 2 decimal places, e.g. 15.25.)
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This is easier by just doing each calculation.
649*0.059=38.29
now have $687.29
add $698=$1385.29, and that *0.059=$81.73.
$1467.02.
Add $692 to get $2159.02 and that *0.059=$127.38
$2286.40.
Add $733 to get $3019.40, and that *0.059 is $178.14
$3197.54