Question

Consider the following deposits made into a savings account that earns a constant interest compounded annually. 'An' represents the actual deposits made at the end of year n. 'Pn' represents the present value of the deposit in year n. The present value 'Pn' of $810 in year 2 is $742.90. Assuming there are only 4 deposits made, calculate the total amount in the savings account at the end of year 4. 'An' in $ (Years 0 through 4): 0 580 810 200 0"

Answer 1

$1,593.82

Step-by-step explanation:

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