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Tony plans to deposit​ $1,000 at the end of each of the next three years. if his funds earn​ 5% compounded​ annually, how much will he have at the end of three​ years?

Tony plans to deposit​ $1,000 at the end of each of the next three years. if his funds earn​ 5% compounded​ annually, how much will he have at the end of three​ years?
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Tony plans to deposit​ $1,000 at the end of each of the next three years. if his funds earn​ 5% compounded​ annually, how much will he have at the end of three​ years?

User Malik Amurlayev
by
8.2k points

1 Answer

3 votes
Answer= $632.98 in compunded interest 
User Armenm
by
7.9k points
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