Find the interest, Suppose that you earned a bachelor's

Find the interest

Reference no: EM13785542

Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal you deposit $1500 at the end of every three months in an annuity that pays 5.5% compounded quarterly. How much will you have saved at the end of 5 years? Find the interest.

Reference no: EM13785542

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