Hello,

So, I've tried endless amounts of time in answering this question but no luck with excel and working it myself. Could you please assist me in working this out, used the FV=PV*(1+i/12)m*i formula but nothing.

You have decided to place $140 in equal deposits every month at the beginning of the month into a savings account earning 7.48 percent per year, compounded monthly for the next 7 years. The first deposit is made today. How much money will be in the account at the end of that time period?