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You will deposit $62 each year into an investment account that earns 8% interest (an APR, with interest compounded annually). Your first deposit will be
You will deposit $62 each year into an investment account that earns 8% interest (an APR, with interest compounded annually). Your first deposit will be exactly one year from today, and you'll make a total of 10 deposits. How much will be in your account 10 years from today?
Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Margin of error for correct answers: +/- .03.
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