Suppose you currently have $5,000 in your Savings Account and plan to save $670 a month for the first 5 years (saved dollars are available at the end of each month) and $12,225 a year (saved dollars are available at the end of each year) for the next 5 years. Your monthly savings of $670 are deposited into Account # 2 which earns you an interest of 8.25% for the first 5 years. The balance at the end of the first 5 years earns 8.39% compounded monthly for the next 5 years. How much will you have in Account #2 10 years from now?

$49,551.62

$3,950.26

$5,909.79

$75, 268.01

Suppose you currently have $5,000 in your Savings Account and plan to save $670 a month for the first 5 years (saved dollars are available at the end of each month) and $12,225 a year (saved dollars are available at the end of each year) for the next 5 years. Your monthly savings of $670 are deposited into Account # 2 which earns you an interest of 8.25% for the first 5 years. The balance at the end of the first 5 years earns 8.39% compounded monthly for the next 5 years. How much will you have in Account #2 10 years from now?

$49,551.62

$3,950.26

$5,909.79

$75, 268.01