I need you to EXPLAIN everyting I need to put in the excel or by paper. you must

ID: 2637488 • Letter: I

Question

I need you to EXPLAIN everyting I need to put in the excel or by paper. you must explain it all please. Dont put "10.64% /12) write the answer after that for me to put in plz. thanks

you have decided to place $964 in equal deposits every month at the beginning of the month into a savings account earning 9.26 percent per year, compounded monthly for the next 11 years. the first deposit is made today. how much money wil lbe in the account at then end of that time period?

round the answer to two decimal places