Given a 5 percent interest rate, compute the year 6 future value of deposits made in years

Question:

Given a 5 percent interest rate, compute the year 6 of deposits made in years 1, 2, 3, and 4 of $1,000, $1,300, $1,300, and $1,400.

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...