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Suppose you enter a monthly deposit scheme with TD Bank, where you have your salary account. The bank will deduct $25 from your salary account

Suppose you enter a monthly deposit scheme with TD Bank, where you have your salary account. The bank will deduct $25 from your salary account every month and the first deduction will be made one month from now. If you are planning to maintain the account for the next 10 years, how much money will you have when you close your account 10 years from now? The appropriate interest rate is 7%.
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Suppose you enter a monthly deposit scheme with TD Bank, where you have your salary account. The bank will deduct $25 from your salary account every month and the first deduction will be made one month from now. If you are planning to maintain the account for the next 10 years, how much money will you have when you close your account 10 years from now? The appropriate interest rate is 7%

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