MY NOTES PRACTICE ANOTHER Suppose a recent college graduate s first job allows her to deposit 200 at the end of each month in a

Question

MY NOTES PRACTICE ANOTHER Suppose a recent college graduate s first job allows her to deposit 200 at the end of each month in a savings plan that earns 12 compounded monthly This savings plan continues for 14 years before new obligations make it impossible to continue How much money has accrued in the account at the end of the 14 years Round your answer to the nearest cent If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals how much money will be in the account 29 years after the plan began Round your answer to the nearest cent

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