Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1000 at the end of each year in an annuity that pays 8% compounded annually. a. How much will you have saved at the end of five years? Find the interest. b. Click the icon to view some finance formulas.

Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1000 at the end of each year in an annuity that pays 8% compounded annually. a. How much will you have saved at the end of five years? b. Find the interest. Click the icon to view some finance formulas