Arnie will receive payments of $850 at the beginning of every month from a trust account starting

Question:

Arnie will receive payments of $850 at the beginning of every month from a trust account starting on his 30th birthday and continuing for 20 years. Interest is 5.04% compounded monthly.
(a) What is the balance in the trust account on Arnie’s 50th birthday?
(b) How much interest will be included in the payments he receives?

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