Beryl and John invest $30 at the beginning of each month into a bank account for...

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Beryl and John invest $30 at the beginning of each month into a bank account for their grandson. They have been doing so since he was born and plan to give him the money as a present on his 18th birthday. How much can they expect to be in the account when they come to withdraw it? The account has a fixed interest rate of 4% and the interest is compounded annually. Beryl and John invest $30 at the beginning of each month into a bank account for their grandson. They have been doing so since he was born and plan to give him the money as a present on his 18th birthday. How much can they expect to be in the account when they come to withdraw it? The account has a fixed interest rate of 4% and the interest is compounded annually.