Question 1202515
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Let's see how much money would be in the account after the 4 year period.


FV = unknown future value
P = monthly payment = 130
r = annual interest rate in decimal form 
r = 0.07
i = monthly interest rate in decimal form
i = r/12 = 0.07/12 = 0.0058333333 approximately
n = number of months = 4*12 = 48


Future value of annuity formula
{{{FV = P*( (1+i)^n - 1 )/i}}}


{{{FV = 130*( (1+0.0058333333)^48 - 1 )/0.0058333333}}}


{{{FV = 7177.2007013047}}}


{{{FV = 7177.20}}}
You will have $7177.20 in the account after 4 years.


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That amount is then the starting point and deposit amount for the compound interest formula. 
This is when the money will sit for another 24 years without further deposits.
{{{A = P*(1+r/n)^(nt)}}}
P = 7177.20 = deposit amount
r = 0.07
n = compounding frequency this time (not number of months)
n = 12 since we're compounding monthly
t = 24 years


{{{A = P*(1+r/n)^(nt)}}}


{{{A = 7177.20*(1+0.07/12)^(12*24)}}}


{{{A = 38322.1595587136}}}


{{{A = 38322.16}}}


Answer: <font color=red size=4>$38,322.16</font>
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