Lily is looking to put her savings in a high yield bank account with a 10% rate. She is looking to put in $500 into the
Posted: Fri Mar 04, 2022 9:39 am
Lily is looking to put her savings in a high yield bank
account with a 10% rate. She is looking to put in $500 into the
savings account at the beginning of each year for 5 years, $700
into the savings account at the beginning of each year for the next
5 years, and $900 into the savings account at the beginning of each
year for the next 5 years after that. How much will be in her
savings account at the end of the 15th year? Round your answer to
two decimal places.
account with a 10% rate. She is looking to put in $500 into the
savings account at the beginning of each year for 5 years, $700
into the savings account at the beginning of each year for the next
5 years, and $900 into the savings account at the beginning of each
year for the next 5 years after that. How much will be in her
savings account at the end of the 15th year? Round your answer to
two decimal places.