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Appropriate present or future value table

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Reference no: EM133171113

Annuity

Steve Jones has decided to start saving for his Son's college education by depositing $3,600 at the end of every year for 10 years. A bank has agreed to pay interest at the rate of 6% compounded annually.

Use the appropriate present or future value table:

FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1

1. How much will Steve have in the bank immediately after his 10th deposit? Round your answer to the nearest dollar. Use the full factor when calculating your results

Reference no: EM133171113

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