Compound Interest
posted by PLEASE HELP ASAP .
I have no idea how to do this!! Please show work!
Starting with the first, on each of Gideon's birthdays, Dr. Joe deposits $1100 into an account earning 2% interest compounded annually.
What is the total amount in the account after the deposit made on Gideon's eighteenth birthday? How much should Dr. Joe have deposited each year if he had wanted the account to be worth $199000 on Gideon's eighteenth birthday?

Compound Interest 
Steve
Don't you have a formula for the future value of an annuity? If not, google can provide it  or maybe your class textbook!
Respond to this Question
Similar Questions

compound interest
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 
math
Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore … 
MATH HELP! Complex Interest
Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore … 
PreAlgebra can you please help?!
Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? 
Can you help me with this math problem? ASAP plz!
Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? 
Lat math question for some days. Can y'all help?
Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account … 
Statistics
Mary has a savings account and is earning 10% annual interest compounded semiannually. If she deposits $2,000 in the account every six months for three years, what will the future value of her account be? 
magh
suppose you put money into teo different bank accounts. In account #1 you deposit $500 and you will be earning 6% interest compounded quarterly. in account #2 you deposit $600 and you will be earning 5% interest compounded annually. … 
math
Ben deposits $400 into an account that earns 5% interest compounded annually. Sam deposits the same amount into an account that earns 5% simple interest. Compare the account balances after 2 years. 
math 106
An bank client deposits some of her savings in a savings account bearing 3% annually of simple interest. The client deposits $500 and waits for interest to accumulate. How long will the client have to wait for the amount of interest …