Answer to Question #109318 in Finance for hanzala

Question #109318
suppose you make an annual contribution of $5000 to your savings account at the end of each year for five years if your savings account earn 6% interest annualy how much can be withdrawn at the end of five years?
1
Expert's answer
2020-04-16T09:19:34-0400

, 1-year


, 2-year


, 3-year

, 4-year


23185.4648+5000=28185,46


28185.46


no interest is charged in the last year, deducted from the account


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