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

$2000

at the end of each year in an annuity that pays

5.5%

compounded annually.

a.	How much will you have saved at the end of five years?
b.	Find the interest.

LOADING...

Click the icon to view some finance formulas.

...

Question content area right

Part 1

a.

After

5

years, you will have approximately

$enter your response here.

(Do not round until the final answer. Then round to the nearest dollar as needed.)