Wednesday

April 16, 2014

April 16, 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.

**Related Questions**

MATH FINANCE - Mr. Smith wants to save for his son’s college education. If he ...

Math - Jeremy is in Grade 8. He has a paper route and wants to save for his ...

Mathematics - Pam and Tim decide to start saving money for their daughter's ...

Business Calculus - Pam and Tim decide to start saving money for their daughter'...

math - Tim deposits $10 every month into a retirement account which averages 18...

math - Tim deposits $10 every month into a retirement account which averages 18...

math - A young executive deposits $400 at the end of each month for 7 years and ...

finite math - A young executive deposits $400 at the end of each month for 7 ...

Annuity! - When Raisel's son was born, she put $7,500 in an investment that ...

Math106 - A couple deposits 459 per month paying 6% compounded monthly how much ...