Suppose that you earned a​ bachelor's degree and now​ you're teaching

Khadija Wells

Khadija Wells

Answered question

2021-08-16

Suppose that you earned a​ bachelors

Answer & Explanation

delilnaT

delilnaT

Skilled2021-08-17Added 94 answers

As you invest in the end of the yeat you get no % at the end of it.
1st year = 3000
2nd year =3000+3000+0.0653000=6195 (interest 195)
3rd year =3000+6195+61950.065=9,597.675 (interest 402.675)
4th year =3000+9,597.675+9,597.6750.065=13,221.523875 (interest 623.848875)
5th year  =3000+13,221.523875+13,221.5238750.065=17,080.922926875 (interest 859.399051875)
Total savings =$17,080.922926875
Total Interest =17,080.92292687515,000=$2,080.922926875

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