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Consider the following sequence of deposits and withdraws over fours years. If you earn 1 0 % interest on your deposits, how much will you

Consider the following sequence of deposits and withdraws over fours years. If you earn

10 %

interest on your deposits, how much will you be able to withdraw at the end of four years?

SOLVE IN EXCEL!

Year

0

: $

1, 000

deposit

Year

1

: $

1, 000

deposit

Year

2

: $

1, 210

withdraw

Year

3

: $

1, 500

deposit

Year

4

?

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