Open study

is now brainly

With Brainly you can:

  • Get homework help from millions of students and moderators
  • Learn how to solve problems with step-by-step explanations
  • Share your knowledge and earn points by helping other students
  • Learn anywhere, anytime with the Brainly app!

A community for students.

Kennedy opens a savings account with $500. He deposits $50 every month into the account that has a 0.95% interest rate, compounded annually. If he doesn’t withdraw any money, what will the account balance be in 10 years? $6,263.11 $6,322.61 $6,812.69 $6,872.19

Mathematics
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this and thousands of other questions

|dw:1368758235932:dw|
just plug in 10.
Are you raising the 50 to the 120th power? or is it 500+50(12*10)

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

not raised. Just multiplied.
Okay and is that (1*.0095) or (1.0095)
I got 7144.58 using (1.0095). what answer did you get?
Hello? Are you still here?
yeah, I got the same thing, but I'm trying to figure out the problem.
Oh okay well, if you would like I could give you formulas that are in the chapter. They just didn't work.
is this an exam?
It's a question from an exam. It's the last one and I can't figure out for the life of me what I am doing wrong.
Do you do FLVS?
what is FLVS? I think the answers are wrong.
*the options
It's online high school
Yah I think so too sometimes, but then I am shown that I did something wrong
did you ever do compound interest?
Yes
I still think the answer isn't in the options......
Yah I know what you mean I've tried all the formulas, but they are too far off

Not the answer you are looking for?

Search for more explanations.

Ask your own question