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Anne, a university student, starts an annual saving plan which she expects to increase her annual deposit by 5% every year for totally 10 years.
Anne, a university student, starts an annual saving plan which she expects to increase her annual deposit by 5% every year for totally 10 years. Anne's first deposit at the end of the first year is $80. Market interest rate is 5% compounded annually, guaranteed for the next 10 years. How much will be accumulated by the end of the 10th year? 1,241.1 1,810.3 1,755.3 914.3 1,277.6
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