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 one year ago
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
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

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

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

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

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

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

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

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

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

lswimstar
 one year ago
Best ResponseYou've already chosen the best response.0It'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.

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

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

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

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

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

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