To encourage your niece and nephew to save, you decide to teach them about the time value of

money. If he or she put $$15\mathrm{.}00$ from can recycling into the bank at the end of each month, earning

$1\mathrm{.}5\%$ compounded monthly, how much would he or she have after seven $(7)$ years?

$($Round to nearest penny.$)$

Using a financial calculator and Excel Example.