$10$ points$)$ You believe you will be able to add $$350$ into a high yield savings account,

that returns $4\mathrm{.}5\%$ annually, on December $31$ of every year. If you opened your bank

account with an ini$$al deposit $$350$ on July $1$st$,2024,$ how much money will be in your

savings account on January $1,2028?$

Hint $1$: Draw a $$meline first on paper.

Hint $2$: If you deposit money half$-$way through the year, how does this change $$t$$ on the

Future Value formula?