Asked by Anonymous

At the beginning of every year, Molly deposits $200 in a savings account that offers an interest rate of 20%, compounded annually. The total amount that Molly will have in her account at the end of 3 years is

Answers

Answered by Damon
200 *1.2^3 + 200*1.2^2 + 200*1.2
Answered by Chrissy
$873.6
Answered by Brandon
what expression represents the series 1+5+25+125+625?
Answered by Anonymous
Molly and Vitto deposit money into their savings accounts at the end of each month. The table shows the account balances.

If their patterns of saving continue, and neither earns interest nor withdraws any of the money, how will the balances compare after a very long time?
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