"Problem $3-5$

$5\mathrm{.}88$

points

Skipped

Suppose you deposit $$2,500$ at the end of year $1,$ nothing at the end of year $2,$$$750$ at the end of year $3,$ and $$1,300$ at the end of year $4.$ Assume that these amounts will be compounded at an annual rate of $15$ percent.

Required:

How much will you have on deposit at the end of five years?

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Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar.

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References

Future value