How much should the fund be worth at the end of five years

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Reference no: EM131994163

At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year:

Year Deposit Year 1 $5,000.00

Year 2 $7,500.00

Year 3 $4,500.00

Year 4 $5,500.00

Year 5 $6,200.00

Total $28,700.00

How much should the fund be worth at the end of 5 years?

Reference no: EM131994163

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