Question: (THE CORRECT ANSWER IS $115,677.28) how do i solve this problem to arrive at $115.677.28. How do you solve this problem in excel? Challenging questions

(THE CORRECT ANSWER IS $115,677.28) how do i solve this problem to arrive at $115.677.28. How do you solve this problem in excel?

Challenging questions - bonus! 0/5 points Question 10 Note: this is a very challenging question! In 5 years, you will start receiving monthly payments of $600 from a trust fund that one of your great parents set up for you. The first payment will be made at the very end of year 5 and the payments will last for 35 years. You plan to deposit the money you receive every month into a special account right away that pays 6.80% APR with quarterly compounding, Today the account mentioned above has a balance of $10000. Assuming that interest rate will stay constant, what will be the account balance at the end of the 14th year? Answer: * (115677.28) > (8)

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