Question

If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years.

Answer 1

Possibly $56000 or give me one sec for the hard answer,.

Answer 2

N=10
%=12
Prnt=5000
FV=?
P/Y=1
C/Y=1

$57,179.44