Suppose that you eamed a bachelor s degree and now you re

Last updated: 7/3/2023

Suppose that you eamed a bachelor s degree and now you re teaching high school The school district offers teachers the opportunity to take a year off to earn a master s degree To achieve this goal you deposit 1000 at the end of each year in an annuity that pays 5 5 compounded annually a How much will you have saved at the end of five years Find the interest Next question b Click the icon to view some finance formulas a After 5 years you will have approximately Do not round until the final answer Then round to the nearest dollar as needed