SOLUTION: You want to buy a condo 5 years from now, and you plan to save $3.000 per year, beginning one year from today . Yoy will deposit the money in an account that pays 6% interest. How
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: You want to buy a condo 5 years from now, and you plan to save $3.000 per year, beginning one year from today . Yoy will deposit the money in an account that pays 6% interest. How
Log On
Question 350482: You want to buy a condo 5 years from now, and you plan to save $3.000 per year, beginning one year from today . Yoy will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now Answer by tjhd(7) (Show Source):
You can put this solution on YOUR website! 3,000 x 5 = 15,000
15,000 x .06 = 900
15,000 + 900 = 15,900
you will have a total of 15,900 after the 5th deposit
(