Sharon has $8260 in a savings account earning 4.0% annually. She plans to use the money in the account to purchase a new car. If Sharon saves $4720 a year at the end of the next three years.

How much will she have in savings in three years to purchase a new car?

Answer rating: 100% (QA)

To calculate the future value of Sharons savings account in three years we need to take in... View the full answer