By the graduation, you saved $35,000. Instead of buying a new BMW, you cleverly decided to buy a 10 year old Nissan Versa and deposit the remaining…

By the graduation, you saved $35,000. Instead of buying a new BMW, you cleverly decided to buy a 10 year old Nissan Versa and deposit the remaining $31,000 with Suntrust Bank which will give you 4.8% fixed annual return that compounds MONTHLY. How much will you receive back from Suntrust after 10 years?