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A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay her $2,271.00 at the
A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay her $2,271.00 at the end of each month. She will also get a signing bonus at the beginning of the internship for $850.00. If the student can invest this money in an account that pays 5.04% APR with monthly compounding, what is the value of her account at the end of her internship?
Answer format: Currency: Round to: 2 decimal places.
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