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What is the total value today of all your bonuses

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Reference no: EM132957253

Question - Assume that your boss called you earlier this morning to let you know that a bonus of? $650 has been credited to your account? (you have opted for direct? deposit). This is the third year in a row that you have been receiving a bonus. The previous amounts and the dates you received? them, as well as the one you received? today, are provided below. Dates are in? MM/DD/YYYY format.

Date and Amount

?05/05/2019 $550

??05/05/2020 $600

??05/05/2021 $650

What is the total value today of all your bonuses if your account earns? 4% interest compounded? monthly?

Reference no: EM132957253

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