Paul deposits $6,000 at the end of each year for 30 years in an account paying 6% interest compounded annually.
i) Find the final amount he will have on deposit.
ii) Paulís sister works in a bank that pays 5.85% compounded annually. If he
deposits his money in this bank instead of the one above, how much will he
have in his account?
ii) How much would Paul lose over 30 years by using his sisterís bank?