Suppose you are starting a PD program with only $$1000$ in your saving account the university has agreed to waive your tuition cover all your living expenses and pay you an additional stripe end of $2000$ at the beginning of each month as long as you teach one course per year over the course of five years if you're saving account is able to earn $5\mathrm{.}5\%$ per year for the five years that you will be in the program how much will you have accumulated and you're saving account by the end of the program interest in program on a monthly basis