You have decided to place 221 in equal deposits every month


You have decided to place $221 in equal deposits every month at the beginning of the month into savings account earning 8.64 percent per year, compounded monthly for the next 8 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

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HR Management: You have decided to place 221 in equal deposits every month
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