Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Matt is saving to buy a new motorcycle. If he deposits ​$55 at the end of each month in an account that pays an annual interest rate of 4.5​%, how much will he have in 30 ​months? Assume that the compounding is being done monthly.