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Suppose that you eamed a bachelor's degree and now you're teaching high school. The school
district offers teachers the opportunity to take a year off to eam a master's degree. To achieve
this goal, you deposit $5000 at the end of each year in an annuity that pays 6.5% compounded
annually.
a.How much will you have saved at the end of five years?
b.Find the interest.
a. After 5 years, you will have approximately $blank
(Do not round until the final answer. Then round to the nearest dollar as needed.).
Sagot :
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