Question: Please show step by step on how to get answers! Suppose you invest $120 a month for 5 years into an account earning 8% compounded

Please show step by step on how to get answers! Suppose

Please show step by step on how to get answers!

Suppose you invest $120 a month for 5 years into an account earning 8% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 22 years. How much will you have in the end? Suppose instead you didn't invest anything for the first 5 years, then deposited $120 a month for 22 years into an account earning 8% compounded monthly. How much will you have in the end? $

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