Question 1142544
she deposits 110,000.
at end of first year, she has 110,000 * 1.05 = 115,500.
she adds 50,000 to get 165,500.
at end of second year, she has 165,500 * 1.05 = 173,775.
she adds 50,000 to get 223,775.
at end of third year, she has 223,775 * 1.05 - 234963.75.
she adds 50,000 to get 284,963.75.
she needs 300,000
she is short by 300,000 - 284,963.75 = 15,036.25