How much will you have at the end of ten years

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Reference no: EM131984738

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You plan to deposit the following amounts in your savings account at the beginning of each year.

In Year 1, you plan to deposit $3000. In year 2 and Year 3, you plan to deposit $4000 and in Year 4 and 5, you plan to deposit $5000.

Assume the savings account earns 3.5% compounded semiannually. If you do as you plan, how much will you have at the end of ten years?

Reference no: EM131984738

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