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It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $573 each year
It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $573 each year into a savings account. You will make a total of 11 yearly deposits. If the savings account interest rate is 15%, how much money will you have at the end of year 11? (In other words, what is the future value of this annuity?)
Enter your answer in dollars, rounded to the nearest cent (2 decimals).
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