What will $7,246 deposited monthly accumulate to in 5 years earning 2.50% compounded monthly?

Answer 1

60 months at 0.025/12
7246 * (1 + .025/12)^60

Answer 2

monthly deposits ... need to adjust the formula, as an annuity

Answer 3

Whoops, I did not notice that it was what I call a sinking fund. See:
http://www.math.utep.edu/Faculty/cmmundy/Math%201320/Worksheets/Sinking%20Funds%20&%20Annuities.pdf
here i = 0.025/12

Answer 4

You want FV
Your PMT is 7246
n = 60
i = .025/12