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You plan to deposit $500 into your money market account every 6 months for 3 consecutive years, beginning 6 months from today. You plan to
You plan to deposit $500 into your money market account every 6 months for 3 consecutive years, beginning 6 months from today. You plan to increase this deposit by 5% per year (compounded semi-annually) for an additional 3 consecutive years. How much will the money market account be worth at the end of the 6 years if the money earns 11% annually? Do not round intermediate calculations. Only round the final answer to two decimal places.
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