u guys i have tried everything please helpme...
Annuity. A deposit of $100 is made at the beginning of each month in an account that pyas 3% interest, compounded monthly. the balance A in the account at the end of 5 yrs. is given by.
A=100(1+0.03/12)^1+.........+100(1+0.03/12)^6
0 Find A.

Question

u guys i have tried everything please helpme...
Annuity. A deposit of $100 is made at the beginning of each month in an account that pyas 3% interest, compounded monthly. the balance A in the account at the end of 5 yrs. is given by.
A=100(1+0.03/12)^1+.........+100(1+0.03/12)^6
0   Find A.

anonymous · Answer

Did you accidently put a 6 at the end instead of a 5?

anonymous · Answer

nope... its supposed to b 60