For the past 10 years you have been depositing

$300

per month into the SPDR bond fund with an interest rate of

2.61%

per year compounded monthly. You have now transferred your current balance to the Xtrackers bond fund with an interest rate of

2.71%

per year compounded monthly, where you plan to continue depositing

$300

per month until you retire in 15 years. How much can you anticipate having in the investment account when you retire?\ Part 1 of 7

For the past 10 years you have been depositing $300 per month into the SPDR bond fund with an interest rate of 2.61% per year compounded monthly. You have now transferred your current balance to the Xtrackers bond fund with an interest rate of 2.71% per year compounded monthly, where you plan to continue depositing $300 per month until you retire in 15 years. How much can you anticipate having in the investment account when you retire