Your aunt promises to gift you $1,500 now, $1,700 one year from now, $1,900 two years from
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Your aunt promises to gift you $1,500 now, $1,700 one year from now, $1,900 two years from now, and $2,500 three years from now. You will deposit all four amounts in an account that bears 3% interest compounded annually. How much will be in the account at the end of the fourth year?
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Counting only the interest portion of your aunts gift you receive a total of 1670 The annua...View the full answer
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