if $55 is put in an account that gets 6% and i add $20 at the end of each year, how much will i have at the end of 10 years?

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ericsmorrison ericsmorrison

05-02-2017
Mathematics

contestada

if $55 is put in an account that gets 6% and i add $20 at the end of each year, how much will i have at the end of 10 years?

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CallMeElle CallMeElle · Answer 1 · 2017-02-05T04:12:20+01:00

CallMeElle CallMeElle

05-02-2017

I will not give you the answer but I will show you how to solve this.

55*.6= A
65*.6=B
75*.6=C
85*.6 = D

Do you see the trend? Continue until ten equations are formed and add all of the totals. A+B+D+C...=Total

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