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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 $376 each year
It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $376 each year into a savings account. You will make a total of 5 annual deposits. If the savings account interest rate is 11%, how much money will you have at the end of year 5? (In other words, what is the future value of this annuity?) Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
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