Part $1$ of $2$

Points: $0$ of $1$

Harry Taylor plans to pay an ordinary annuity of $$6,000$ annually for ten years so he can take a year's sabbatical to study for a master's degree in business. The annual rate of interest is $3\mathrm{.}9\%$ How much will Harry have at the end of three years? How much interest will he earn on the investment after three years?

At the end of three years Harry will have $