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Homework answers / question archive / To purchase a specialty guitar for his band, for the last three years JJ Morrison has made payments of $111 at the end of each month into a savings account earning interest at 5

To purchase a specialty guitar for his band, for the last three years JJ Morrison has made payments of $111 at the end of each month into a savings account earning interest at 5.41% compounded monthly. If he leaves the accumulated money in the savings account for another four years at 6.54% compounded quarterly, how much will he have saved to buy the guitar? The balance in the account will be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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