Final answer:
To find the future value of Andrew's deposits, apply the future value compound interest formula to each deposit, accounting for the time elapsed since the deposit, and then add them up. Without an interest rate provided, we cannot calculate a numerical answer.
Step-by-step explanation:
To calculate the future value of the deposits made by Andrew, we need to apply the future value formula for each deposit considering compound interest, which is Future Value = Principal × (1 + interest rate) raised to the power of the number of periods (time). Because the question does not specify the compounding frequency or interest rate, let's assume the interest compounds annually and use a typical annual interest rate (which we'll need to discern) for our calculations.
For each deposit, we calculate the future value separately, taking into account the time that has elapsed since the deposit. Since we don't have the actual interest rate, we cannot provide a numerical answer, however, generally, a deposit made earlier will accrue more interest over time compared to deposits made later.
Once the future value of each deposit has been calculated individually, the next step would be to add up all the present values for the different time periods to get a final answer, which will represent the total amount of money Andrew will have in the future, including the interest earned on his deposits.