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If you cut back on your Iphone in-app purchases, you think you can save about $3,000 in 3 years. If you deposit this $3,000 at
If you cut back on your Iphone in-app purchases, you think you can save about $3,000 in 3 years. If you deposit this $3,000 at the end of the third year, how much will be in your account at the end of 5 years if the account is paying 6.5%? Show all work, including timeline with step-by-step calculations. Also solve using the PV or FV formula, and solve all four problems showing your TVM calculator button values.
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