### annuity / compound interest help

Posted:

**Thu Apr 25, 2013 11:29 pm**Ok i need help understanding this math question please help me.

QUESTION: Jo spends $3600 a year on cigarettes. If Jo quits smoking and deposits the $3600 yearly into an account paying 5%/a compounded annually, how much will be in the account after 40 years?

QUESTION: Jo spends $3600 a year on cigarettes. If Jo quits smoking and deposits the $3600 yearly into an account paying 5%/a compounded annually, how much will be in the account after 40 years?