Christy reed has been depositing 1500 in her savings, Finance Basics

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Christy reed has been depositing 1500 in her savings

Question: Christy Reed has been depositing $1,500 in her savings account every December since 2001. Her account earns 6 percent compounded annually. How much will she have in December of 2010? (Assume that a deposit is made in December 2010. Make sure to count the years carefully.)

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Finance Basics: Christy reed has been depositing 1500 in her savings

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Finance Basics: Christy reed has been depositing 1500 in her savings

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