Homework Help Forum: investing

Posted by Lindsey on Tuesday, July 21, 2009 at 12:01pm.

you plan to go back to school for 4yrs . You plan to save 6,400/yr beginning immediately . 4 deposits are made in an account that pays 5.7% interest. How much will you have 4yrs from today

• investing - DrBob222, Tuesday, July 21, 2009 at 1:23pm

  It depends upon how much was deposited each of the four times, what time the deposits were made (at the same time, monthly, quarterly, annually), and if the 5.7% interest is simple or compounded. If compounded is it daily, quarterly, monthly, just what?

  
  

• investing - Lindsey, Tuesday, July 21, 2009 at 9:08pm

  Its saving 6,400 per yr

  
  

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