HW 2D

Question 2

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

For the next 12 years, you decide to place $1,779 in equal year-end deposits into a savings account earning 5.81 percent per year. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

Your Answer: