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A deposit of $1,000 is made to open an account on March 1, 2014. Monthly deposits of $300 are then made for 5 years, starting
A deposit of $1,000 is made to open an account on March 1, 2014. Monthly deposits of $300 are then made for 5 years, starting April 1, 2014. Starting April 1, 2019, the first of a sequence of 20 monthly withdrawals of $800 is made. Determine the balance in the account on December 1, 2021, assuming 3% interest rate with monthly compounding.with formulas
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