Problem
Sally deposited $100 a month in her savings account for 24 months. For the next 5 years she made no deposits. What is the future worth in Sally's savings account at the end of the 7 years, if the account earned 6% annual interest, compounded monthly?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.