Homework #3B (FV and PV of annuity non-annually)

Question 1 (1 point)

You have decided to place $792 in equal deposits every month at the beginning of the month into a savings account earning 5.47 percent per year, compounded monthly for the next 4 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.