A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay her $2,142.00 at the end of each month. She will also get a "signing" bonus at the beginning of the internship for $475.00. If the student can invest this money in an account that pays 7.20% APR with monthly compounding, what is the value of her account at the end of her internship?

Answer rating: 100% (QA)

To calculate the value of the students account at the end of her internship we need to consider the ... View the full answer