Question
Suppose a recent college graduate's first job allows her to deposit $100 at the end of each month in a savings plan that earns 12%,
Suppose a recent college graduate's first job allows her to deposit $100 at the end of each month in a savings plan that earns 12%, compounded monthly. This savings plan continues for 11 years before new obligations make it impossible to continue. How much money has accrued in the account at the end of the 11 years? (Round your answer to the nearest cent.) $. If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 26 years after the plan began? (Round your answer to the nearest cent.) $
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