- #1

henryc09

- 72

- 0

## Homework Statement

If you invest £1000 on the first day of each year and interest is paid at 5% on your balance at the end of each year how much money do you have after 25 years?

## Homework Equations

## The Attempt at a Solution

Been a while since I did series, and I was never very good with them. I'm guessing you have some sort of combination of an arithmetic and geometric series, just not really sure how to set it up. Any points in the right direction would be appreciated