Jimmy opens a savings account with a $210 deposit at the beginning of the month. The account earns 5% annual interest compounded monthly. At the beginning of each subsequent month, Jimmy deposits an additional $210. How much will the account be worth at the end of 12 years?

Answer 1

oop i meant interest

Answer 2

vectors? All these fancy names these days to impress parents, I guess.

Isn't there a calculator which does this for you? http://financeformulas.net/Future_Value_of_Annuity.html

Answer 3

I tried these interest equations as well as many others for continuous deposits, but nothing works.

Answer 4

so, which functions did you use? Show some work ...