Question 1201068
you will have 11,846.45 at the end of 6 years.
calculator used is at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>
here are the results.
<img src = "http://theo.x10hosting.com/2023/031904.jpg">
payments are negative because it's money spent.
future value is positive because it's money received.
interest rate per month is 3/12 = .25%
payments are made at the beginning of each time period.
number of months is 6 years * 12 = 72 months.