12. Tiffany opened a saving account today and she immediately puts $7,000 into it. She plans to contribute another $13,000 one year from now, and $15,000 two years from now. The saving account pays an 8% annual interest rate. If she makes no other deposits or withdrawals, how much will she have in the account 10 years from today?

Answer rating: 100% (QA)

We can calculate the future value of each deposit and then sum them up to find the tot... View the full answer