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August 21, 2014

August 21, 2014

Posted by **amanda** on Friday, September 17, 2010 at 9:54pm.

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 =

- math -
**Reiny**, Friday, September 17, 2010 at 10:24pmamount = 300[ (1.0833333)^168 - 1]/.0833333

= ....

you do the button pushing.

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