Experts say that the baby boom generation (born between 1946 and 1960)cannot count on a company pension or social security to provide a
comfortable retirement, as their parents did. It is recommended that they
start to save early and regularly. Judy Faster, a baby boomer, has decided
to deposit $200 at the end of each month in an account that pays an
interest of 7.2% compounded monthly for retirement in 20 years. How
much will be in the account at that time?