Posted by **Thara!** on Wednesday, April 21, 2010 at 9:29pm.

Heinz has been contributing $300 at the end of each month for the past 15 months to a sivings plan that earns 6% compounded monthly. What amount will he have 1 year from now if he continues the plan?

I'm not sure how to get the answer for this question which is:

$8649.11

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