you are able to save 200 /month, you decided to save those 200 per month in a bank account that offers a 5% interest rate compounded yearly, till the day you retire (that is to say, in 25 years).

2. If you decide to do your deposits at the beginning of every month

(so your first deposit will be done today) in a bank account that offers a 5% interest rate compounded monthly, and you continue doing so till the day you retire (that is to say, in 25 years)

a) Draw the timeline (at least the first five periods) with its corresponding numeration of periods and cashflows in their corresponding points.

b) What is the difference between this case and the previous one?

c) How much money will you have at the end?