Suppose that you have a saving account at a bank that pays 6% per year. Suppose that you deposit an amount of $475 in the bank today followed by the following additional deposits: $525 in year one, $550 in year two, and $575 in year three. How many dollars would you have in your savig account at the end of year four (before you make any deposit at time point 4)? Start by writing down what you are calculating. Example PV or FV, and what time point, FV1 or FV2 etc…. The same applies to all solutions.