Question 5 0 out of 10 points Jay ust turned age 15 has 4740

Question 5 0 out of 10 points Jay (ust turned age 15) has $4740 to start his college fund today. He also estimates that his lawn care business will earn $4000 per year for the next three years. All of his funds will be invested at 8% per year. How much money will Jay have in his account when he starts college in three years?

Future worth = 4740(F/P, 8%, 3) + 4000(F/A, 8%, 3)

= 4740(1.260) + 4000(3.246)