Dahlia decides to deposit the ($ 250) per month until her 34 th birthday ( 11 years).
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Dahlia decides to deposit the \(\$ 250\) per month until her 34 th birthday ( 11 years). She will then stop investing the \(\$ 250\) monthly, and just allow the money to earn interest until her 68th birthday ( 34 more years). How much will be in her account on her 65th birthday? Hint: First compute the \(F V\) of the deposits. Then use that \(F V\) as the principal for a single deposit into an account bearing \(6.2 \%\) interest compounded monthly.
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