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You are planning the finances for your future retirement. Suppose that you saved $ 1 , 5 0 0 last year, and you expect your
You are planning the finances for your future retirement. Suppose that you saved $ last year, and you expect your annual savings to grow per year for the next years. Moreover, suppose that you can invest your savings in an asset that pays compounded yearly. How much do you expect to have saved at the end of the fifteenth year? 
You are planning the finances for your future retirement. Suppose that you
saved $ last year, and you expect your annual savings to grow per year
for the next years. Moreover, suppose that you can invest your savings in
an asset that pays compounded yearly. How much do you expect to have
saved at the end of the fifteenth year?
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