Problem 3: Suppose we deposit $1000 at the end of each year for 25 in a bank account that earns 4.5%annual compound interest. How much money will there be in the account at the end of the 25 years right after the last deposit took place assuming that the interest rate does not change throughout the years and no other deposits or withdrawals take place. Need to include all your work for this problem and you need to relate the solution to this problem to class material.
