To get the value of Connie's deposits we use the future value of annuity:
FV=P[((1+r)^n-1)/r]
where:
P=periodic deposits
r=rate
n=time
thus plugging our values in the formula we get:
FV=2000[((1+0.05)^4-1)/0.05]
FV=$8620.25
Answer: $8620.25
<span>this is the farthest i know of pi
3.14159265359
</span>
The total was $1,560 so he paid $210 in finance charges.
The answer is 266 but estimated is 260
