John has decided to put some money away so then when he became 40 years old,...

 

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John has decided to put some money away so then when he became 40 years old, he can travel the world. He's current monthly expenses are very steady, so do his monthly income. The only adjustment John has to make is not only will save him some money every day but also will help him stay in good health. In New York City most residents take MTA to work. John live in Manhattan NYC 17 blocks away from his work. If he take the train to work it cost $2.75 each way. Therefore, $5.50/day. John decided to walk to work and he will find a bank to open an account where he can invest his monthly transportation expense for next 15 years. Given, John works in average 17 days a month every year and his daily savings is $5.50. If the offer from the bank is an interest rate of 3.2% compounding monthly. Find how much John's future value of that annuity account will be.? John has decided to put some money away so then when he became 40 years old, he can travel the world. He's current monthly expenses are very steady, so do his monthly income. The only adjustment John has to make is not only will save him some money every day but also will help him stay in good health. In New York City most residents take MTA to work. John live in Manhattan NYC 17 blocks away from his work. If he take the train to work it cost $2.75 each way. Therefore, $5.50/day. John decided to walk to work and he will find a bank to open an account where he can invest his monthly transportation expense for next 15 years. Given, John works in average 17 days a month every year and his daily savings is $5.50. If the offer from the bank is an interest rate of 3.2% compounding monthly. Find how much John's future value of that annuity account will be.?