Lauren plans to deposit $8,000 into a bank account at the beginning of next month and $200/month into the same account at the end of that month and at the end of each subsequent month for the next 3 yr. If her bank pays interest at the rate of 7%/year compounded monthly, how much will Lauren have in her account at the end of the 3 yr? (Assume she makes no withdrawals during the 3-yr period.) Please round the answer to the nearest cent.
$__________

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The Answer of Lauren plans to deposit $8,000 into a bank account at the beginning of next month and $200/month into the same account at the end of that month and at the end of each subsequent month for the next 3 yr. If her bank pays interest at the rate of 7%/year compounded monthly, how much will Lauren have in her account at the end of the 3 yr? (Assume she makes no withdrawals during the 3-yr period.) Please round the answer to the nearest cent.
$__________

Lauren Plans to Deposit $8,000 into a Bank Account at the Beginning