Question

Karen opens a savings account with $1500. She deposits $100 every month into the account that has a 0.85% interest rate, compounded annually. If she doesn’t withdraw any money, what will the account balance be in 10 years?

$14,102.05

$14,208.04

$12,575.55

$12,469.56


i keep getting the last choice with my calculations but that is without the 1500 initial payment. please help me with my calculations.

Answer 1

14102.05

Answer 2

thank you.

Answer 3

sec. stay.

Answer 4

http://openstudy.com/study#/updates/5149f091e4b05e69bfabedd5

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