Question
When Jack started his job working for an industrial manufacturing company, he contributed $186 at the end of each month into a savings account that
When Jack started his job working for an industrial manufacturing company, he contributed $186 at the end of each month into a savings account that earned 1.8% interest compounded monthly for 8 years. At the end of the 8th year, Jack was laid off. To help meet family expenses, Jack withdrew $313 from the savings account at the end of each month for 2 years. At the end of the second year of being unemployed, Jack found another job and started contributing $277 back into the savings account at the end of each month for the next six years. How much money would he have in the account at the end of the six years (after returning to work)? You may use the TVM Solver. Show all the necessary work that you need perform to arrive at the answer.
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