You have decided to purchase a new laptop. You plan to open a savings account and $200 into this account every year until you graduate 5 years from now. Assume you make 5 deposits at the beginning of each year and your savings account earns 6% per year, how much will you have in your account when you graduate in 5 years?

Answer rating: 100% (QA)

To calculate the future value of your savings account when you ... View the full answer