SOLUTION: $1500 is deposited every year in an account yielding 6% interest compounded annually, how much money will have been saved after 10 years?

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Question 213027: $1500 is deposited every year in an account yielding 6% interest compounded annually, how much money will have been saved after 10 years?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=P(1+.06)^10
A=1500(1.79)
A=$1686.27