Suppose that you earned a bachelor's degree and now you're

Last updated: 7/18/2022

Suppose that you earned 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 $3000 at the end of each year in an annuity that pays 7.5% compounded annually. How much will you have saved at the end of five years? Find the interest. 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.)