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lswimstar
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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
 one year ago
 one year ago
lswimstar Group Title
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
 one year ago
 one year ago

This Question is Open

primeralph Group TitleBest ResponseYou've already chosen the best response.0
dw:1368758235932:dw
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
just plug in 10.
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Are you raising the 50 to the 120th power? or is it 500+50(12*10)
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
not raised. Just multiplied.
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Okay and is that (1*.0095) or (1.0095)
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
I got 7144.58 using (1.0095). what answer did you get?
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Hello? Are you still here?
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
yeah, I got the same thing, but I'm trying to figure out the problem.
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Oh okay well, if you would like I could give you formulas that are in the chapter. They just didn't work.
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
is this an exam?
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
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.
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Do you do FLVS?
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
what is FLVS? I think the answers are wrong.
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
*the options
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
It's online high school
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Yah I think so too sometimes, but then I am shown that I did something wrong
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
did you ever do compound interest?
 one year ago

primeralph Group TitleBest ResponseYou've already chosen the best response.0
I still think the answer isn't in the options......
 one year ago

lswimstar Group TitleBest ResponseYou've already chosen the best response.0
Yah I know what you mean I've tried all the formulas, but they are too far off
 one year ago
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