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How much will have in the account in seven years

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Kym plans to deposit $190 in an account at the end of each month for the next seven (7) years so she can take a trip.

Problem 1: If Kym's opportunity cost is 6 percent compounded monthly, how much will she have in the account in seven years? Do not round intermediate calculations. Round your answer to the nearest cent.

Problem 2: How much will be in the account if the deposits are made at the beginning of each month? Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM133010309

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