Roger decides to start an investment account by depositing $5,000 today. In one year he will invest $500. He plans to ma

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answerhappygod
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Roger decides to start an investment account by depositing $5,000 today. In one year he will invest $500. He plans to ma

Post by answerhappygod »

Roger decides to start an investment account by depositing
$5,000 today. In one year
he will invest $500. He plans to make annual investments that
increase by $100 each
year ($600 in year two, $700 in year three, etc.). If he earns 9%
on his investment, what
will his account be worth 6 years from today, assuming he compounds
annually
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