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1. (20 points) A teenager wants to save money to buy a car in a little over two years so she opens a bank account
1. (20 points) A teenager wants to save money to buy a car in a little over two years so she opens a bank account that pays interest at the yearly rate of 5% compounded monthly. The teenager deposits $400 at the end of each of the first twelve months and $200 at the end of each of the following twelve months. (She had two jobs for the first year but quit one the second year so she could spend more time doing her calculus homework.) She withdraws all her money at the end of the twenty fifth month to pay for the car. How much money did she withdraw
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