5000 A=5000(1+.0299)^4 ------------> 5625.36
+
5000 A=5000(1+.0299)^3 ------------> 5462.04
+
5000 A=5000(1+.0299)^2 ------------> 5303.47
5000 A=5000(1+.0299)^1 ------------> 5149.50
=
21,540.37
A=21,540.37(1+.0299)^10 ------------> 28,920.36
28,920.36/120 Months=$241/month