Bill made a budget and planned to deposit $150 a month in a savings account, beginning September

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Bill made a budget and planned to deposit $150 a month in a savings account, beginning September 1. He did this, but on the following January 1, he reduced the monthly deposits to $100 a month. In all he made 18 deposits, four at $150 and 14 at $100 if the savings account paid 6% interest, compounded monthly, what was the future worth of his savings account immediately after he made the last deposit?
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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