Sunday, December 4, 2011

Steve jones has decided to start saving for his son's college education by depositing $2,000 at the end of eve?

4% of $2000 = $80





Year 1: $2000 + $80 = $2080





Year 2: 4% of $4080 = $163.2 + 4080 = $4243.2





Year 3: 4% of 6243.2 = $250 + 6243.2 = $6,493.2





And so on up to 15 years. you can continue with the calculations cause i have to run.

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