Incorrect

Question $28$

$\frac{0}{3\mathrm{.}13}$ pts

When Bobby is $40$ years old he starts to save $$100$ per month and he continues to deposit $$100$ per month into this same account until he is $60$ years old. The account pays an annual interest rate of $8\%$ and interest compounds monthly. You want to calculate the amount that will be in the account when Bobby is $60$ years old. To do this, how would you define the following variables? What value would you give these two variables to perform the calculation?

The variable i $\%$

$$

Round to two decimal places as necessary.