SOLUTION: Every year after Mary had paid all her additional expenses and treated herself to some luxuries, she still had $4200 from her annual bonus available in her bank account. She wants
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Question 1201580: Every year after Mary had paid all her additional expenses and treated herself to some luxuries, she still had $4200 from her annual bonus available in her bank account. She wants to save this amount and decided to deposit this amount, on an annual basis, for the next 3 years. The special savings account she decided on earns interest at 12%, compounded annually. Calculate the total value of Mary’s special savings aco9unt at the end of year three. Answer by Glaviolette(140) (Show Source):
