Caitlyin is saving to buy a house.She plans to deposit $12, 000into her account today and 1year from now, and then $17, 000 both 2 and 3 years fromnow. The savings account willpay 4% interest. How muchmoney will she have after herlast deposit?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 13E
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Caitlyin is saving to buy a house.She plans to deposit $12, 000into her account today and 1year from now, and then $17, 000 both 2 and 3 years fromnow. The savings account willpay 4% interest. How muchmoney will she have after herlast deposit? 

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