Word Problem 13-14 (Algo) [LU 13-1 (2)] After paying off a car loan or credit card,...

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Word Problem 13-14 (Algo) [LU 13-1 (2)] After paying off a car loan or credit card, don't remove this amount from your budget. Instead, invest in your future by applying some of it to your retirement account. How much would $500 invested at the end of each quarter be worth in 12 years at 6% interest? (Please use the following provided Table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount after 12 years Word Problem 13-14 (Algo) [LU 13-1 (2)] After paying off a car loan or credit card, don't remove this amount from your budget. Instead, invest in your future by applying some of it to your retirement account. How much would $500 invested at the end of each quarter be worth in 12 years at 6% interest? (Please use the following provided Table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount after 12 years