Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end of year 4. Assuming that these amounts will be compounded at an annual rate  of 15 percent, how much will you have on deposit at the end of five years?

Answer rating: 100% (QA)

2500 x 1154 750 x 1152 1300 x 115 2500 ... View the full answer