Bob deposits the amount of 100 in his bank account today


You may attempt this question 3 more times for credit.

Bob deposits the amount of $100 in his bank account today, and plans to deposit the amount of $150 in the same account one year from today, and finally plans to deposit the amount of $250 in the same account two years from now. If the interest rate is 4.75%, how much will Bob have accumulated in his account three years from today?

$ ____________

You should set your calculator for at least four decimal places of accuracy. I'll remind you of this from time to time but this is a working rule throughout the semester.

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Financial Management: Bob deposits the amount of 100 in his bank account today
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