Question: Please do not use excel. Please show work by hand. The correct solution to this problem is $53,839.83. Problem 16.19 t Jim began saving money

Please do not use excel. Please show work by hand. The correct solution to this problem is $53,839.83.

Problem 16.19 t Jim began saving money for his retirement by making monthly deposits of 200 into a fund earning 6% interest compounded monthly. The first deposit occurred on January 1, 1985. Jim became unemployed and missed making deposits 60 through 72. He then continued making monthly deposits of 200. How much did Jim accumulate in his fund on December 31, 1999

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