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2. (10 pts) Cecile just inherited $15,000 and decided to invest it to jumpstart saving for retirement. She plans on investing it now (n=0) into
2. (10 pts) Cecile just inherited $15,000 and decided to invest it to jumpstart saving for retirement. She plans on investing it now (n=0) into an account that pays 6% interest, compounded monthly. a. How much money will be in her account 40 years from now if she makes no other deposits? b. If she begins, in the following month after depositing the $15,000, making monthly $100 deposits into the account, how much total money will she have in her account after 40 years
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