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If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years.
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If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years.

User Mwilliams
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1 Answer

2 votes
N=10
%=12
Prnt=5000
FV=?
P/Y=1
C/Y=1

$57,179.44
User Mkungla
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