Solve the problem. Round to the nearest dollar if needed. Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan that pays 5% per year compounded annually. You plan to invest $3500 at the end of each year for the next 15 years. How much will your account have in it at the end of 15 years?

Question

anonymous · Answer

i tried every possible equation that came to my mind but couldnt figure out a solution

anonymous · Answer

I'm not quite sure if this is the answer but if you multiply 3500 by 15 it equals out to 52,500