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  3. a) humayara starts to save $4,000 into a bank acco

a) Humayara starts to save $4,000 into a bank account at the end of each...

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Accounting

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a) Humayara starts to save $4,000 into a bank account at the end of each year with the first saving amount being deposited at the end of the first year. The bank pays interest at 5% p.a. compounded quarterly for the first 4 years and 6% p.a. effective thereafter. How much will she have in her account after 8 years? Round your answer to the nearest cent

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