need help 2

MATH119-014 Dion Pandit & | 12/15/21 8:32 AM E Test: MATH119 Test #3 Fall 2021 Question 2 of 15 This test: 50 point(s) possible This question: 4 point(s) possible Submit test To purchase a spocialty guitar for his bund, for the last Circe yours JJ'Morrison has made payments of $125 at the end of each month into a savings account earning interest at 5.86% compounded monthly. If he leaves the accumulated money in the savings account for another four years at 7 08% compounded quarterly, how much will he have saved to buy the guitar? The balance in the account wil be s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed )