Question

Hei has $1,400 in a retirement account earning 4% interest compounded annually. Each year after the first, she makes additional deposits of $1,400. After 5 years, what was her account balance if she did not make any withdrawals? Round each year's interest to the nearest cent if necessary.
The account had a balance of $
after 5 years.
PLEASE HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 1

The answer would be 1,703.31 dollars after 5 years