Asked by amanda
how do i solve for this question?
Mr. Smith wants to save for his son's college education. If he deposits $300 each month at 10% compounded monthly, how much (to the nearest penny) will he have in the account after 14 years?
Answer =
Mr. Smith wants to save for his son's college education. If he deposits $300 each month at 10% compounded monthly, how much (to the nearest penny) will he have in the account after 14 years?
Answer =
Answers
Answered by
Reiny
amount = 300[ (1.0833333)^168 - 1]/.0833333
= ....
you do the button pushing.
= ....
you do the button pushing.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.