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Kate deposits P5,000 to her bank account every year when she was in high school for...

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Mechanical Engineering

Kate deposits P5,000 to her bank account every year when she wasin high school for four years to prepare for her college degree.She took an engineering course and since then, she stoppeddepositing to her bank account. Right after graduation (shegraduated on time), she got a job that pays P250,000 a year. If shecontinues to deposit to the same bank account P50,000 every yearfor 10 years, calculate the future worth after 30 years if thedeposits are made at the end of each year and the bank pays 2%interest per year

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