Question

4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your account has an annual interest rate of 6%?​

Answer 1

Answer:16,920

Explanation:

first convert 6% to a decimal by moving the decimal point two times to the left. then multiply 3,000 by 0.06 which will equal 180 for one year. you then multiply 180 by 6 and get 1080. after you multiply 3000 by 6 which is 18000. subtract 1,080 from 18000 and you’ll get 16920