Question: Garry already has $ 1 1 0 , 5 0 0 in one of his investment accounts that earns 5 . 2 % compounded annually.

Garry already has $110,500 in one of his investment accounts that earns 5.2% compounded annually. He has decided to contribute an additional $450 to the investment at the start of each quarter until he retires in 24 months.
a. How much will Garry have in his investment when he retires?
Considering inflows and outflows of cash, enter the appropriate values in the blanks below. Round final dollar answer to 2 decimal places.
Mode =
N =
IY =
CY =
PV =
PMT =
PY =
FV =
b. What total additional contribution did Garry make to his investment over the 24 months?

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