Harry has received a $1,500 bonus. His bonus is expected to grow by 5 percent for the next 5 years. How much will Harry have at the end of the fifth year if he invests his bonuses (including the most recent bonus) in a project paying 8 percent per year?

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Harry has received a $1,500 bonus. His bonus is expected to grow by 5
percent for the next 5 years. How much will Harry have at the end of
the fifth year if he invests his bonuses (including the most recent
bonus) in a project paying 8 percent per year?

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