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lswimstar
 2 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
lswimstar
 2 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

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

lswimstar
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0not raised. Just multiplied.

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

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

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

primeralph
 2 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.

lswimstar
 2 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.

lswimstar
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0what is FLVS? I think the answers are wrong.

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

lswimstar
 2 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
 2 years ago
Best ResponseYou've already chosen the best response.0did you ever do compound interest?

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

lswimstar
 2 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
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