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How much will Brian have in the bank immediately

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Question - Brian Matthews has decided to start saving for his Daughter's college education by depositing $5,000 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.

Required - How much will Brian 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: EM132828033

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