Multi $-$ Step Applications

Solve the following problems. Round your results to the nearest cent as needed.

Suppose you invest $$130$ a month for $6$ years into an account earning $8\%$ compounded monthly. After $6$ years, you leave the money, without making additional deposits, in the account for another $29$ years.

How much will you have in the account after $6$ years?

Round to the nearest cent

How much will you have in the account after $35$ years?

Round to the nearest cent