<PRE><B>Question 1080906</B>
at the beginning of the first year, you save $649.
at the beginning of the second year, you save $698.
at the beginning of the third year, you save $692.
at the beginning of the fourth year, you save $733.


if the account pays 5.90 percent annually, then:


at the end of the fourth year:


649 invested at the beginning of the first year will be worth 649 * 1.059^4 = 816.26


698 invested at the beginning of the second year will be worth 698 * 1.059^3 = 828.98


692 invested at the beginning of the third year will be worth 692 * 1.059^2 = 776.06


733 invested at the beginning of the fourth year will be worth 733 * 1.059^1 = 776.25


add them up and you will have a total of $3197.55 at the end of 4 years.








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