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Jessica deposits her $2,500 bonus cheque into the bank at the end of 2015. At the end of 2016, she deposits another bonus cheque, which
Jessica deposits her $2,500 bonus cheque into the bank at the end of 2015. At the end of 2016, she deposits another bonus cheque, which is double the amount of last year's cheque. Given that the interest rate is 5%, what is the total future value of these two bonuses at the end of 2017?
Question 47 options:
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$7625
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$8406.56
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$7875
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$7,500
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$8,006.25
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