## Question

###### Suppose Peter opened a savings account on January 1, 2000, and made a deposit of $5100. In 2001, Peter began depositing $51 into the account at the end of each month. If the bank pays 6% annual interest, compounded monthly, how much was in the account on January 1, 2003?

Suppose Peter opened a savings account on January 1, 2000, and made a deposit of $5100. In 2001, Peter began depositing $51 into the account at the end of each month. If the bank pays 6% annual interest, compounded monthly, how much was in the account on January 1, 2003?

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