Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 133

James Rivera earned his degree in drafting at a community college and recently began his new career. He was happy to learn that his new employer will deposit $2500 into his 401(k) retirement account at the end of each year. Find the amount he will have accumulated in 15 years if funds earn 8% per year. ____________