Red Coat Construction sets aside $4700.00 at the beginning of every month in a fund to replace equipment. If interest is 8% compounded annually, how much will be in the fund after 10 years? The fund will be worth [ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Use the future value formula to find the accumulated value of the fund. Since the payments are made at the beginning of the payment period, use an annuity due formula. Since the payment frequency is different from the conversion frequency you must calculate p. p)- (1+p)" FV (due)=PMT 1] (1 +P), where p = (1 + i) - 1