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**** please hand-write/type out work, not using a spreadsheet **** An account pays 4 percent interest (yearly effective). 10,000 dollars is deposited into that account

**** please hand-write/type out work, not using a spreadsheet ****

An account pays 4 percent interest (yearly effective). 10,000 dollars is deposited into that account at the end of the first year, and the deposits increase by 2000 dollars each year (12,000 is the second years deposit, etc.) What is the amount in the account at the end of 20 years and what is the present value?

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