A local bank is offering to deposit $50 into your new account if you open a savings account. The minimum amount to open an account is $100. While you're a student you open the account for the minimum amount and forget about it. After you graduate, you get a job and get paid every two weeks which means you will receive 26 paychecks per year. You start depositing $200 per paycheck in years 3-6 into that savings account. How much would you have in your savings account at an interest rate of 0.1244% per month, compounded monthly after 6 years? A local bank is offering to deposit $50 into your new account if you open a savings account. The minimum amount to open an account is $100. While you're a student you open the account for the minimum amount and forget about it. After you graduate, you get a job and get paid every two weeks which means you will receive 26 paychecks per year. You start depositing $200 per paycheck in years 3-6 into that savings account. How much would you have in your savings account at an interest rate of 0.1244% per month, compounded monthly after 6 years