One year ago,the Jenkins Family Fun Center deposited $3,600 in an investment account for the purpose of buying new equipment four years from today. Today,it is adding another $5,000 to this account. It plans on making a final deposit of $7,500 to the account next year. How much will be available when it is ready to buy the equipment,assuming it earns a 7% rate of return?

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The Answer of One year ago,the Jenkins Family Fun Center deposited $3,600 in an investment account for the purpose of buying new equipment four years from today. Today,it is adding another $5,000 to this account. It plans on making a final deposit of $7,500 to the account next year. How much will be available when it is ready to buy the equipment,assuming it earns a 7% rate of return?

One Year Ago,the Jenkins Family Fun Center Deposited $3,600 in an Investment