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August 20, 2014

August 20, 2014

Posted by **Diane** on Tuesday, August 2, 2011 at 3:14pm.

- Math -
**Reiny**, Tuesday, August 2, 2011 at 4:25pmwill assume you are making 14 deposits, the first one 6 months from now, and then leave the balance alone for another year.

Amount at the last deposit

= 900[ 1.03^14 - 1]/.03 = 15377.69

Value at the end of 8 years = 15377.69(1.03)^2 = 16314.19

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