Question 1200182
she currently has 45000 in her account.
she will contribute an additional 800 at thre end of each month for the next 15 years.
the account averages 6% per year compounded monthly.


you can use a financial calculator to solve this.
the one i use online is at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


the calculator says that you will have 343,089.18 at the end of the 15 year invstment period.


the results are shown below:


<img src = "http://theo.x10hosting.com/2023/020801.jpg">


your inputs are:
pv = -45000
fv = 0
np = 15 years * 12 months per year = 180 months
pmt = -800 payable at the end of each month.
ir = 6% per year divided by 12 months per year = .5% per month.


calculator comes back with fv = 343,089.18


the present value and the payment per month were negative becaus that is your money that you invested in the account.
the future value is positive because that is what you earned at the end of the 15 years investment period.