A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 3 years 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
anonymous
 3 years 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

This Question is Open

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

anonymous
 3 years 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
 3 years ago
Best ResponseYou've already chosen the best response.0not raised. Just multiplied.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Okay and is that (1*.0095) or (1.0095)

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

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Hello? Are you still here?

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

anonymous
 3 years 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.

anonymous
 3 years 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
 3 years ago
Best ResponseYou've already chosen the best response.0what is FLVS? I think the answers are wrong.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0It's online high school

anonymous
 3 years 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
 3 years ago
Best ResponseYou've already chosen the best response.0did you ever do compound interest?

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

anonymous
 3 years 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
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.