document.write( "Question 1141450: If $55 is put in an account that gets 6% and I add $20 at the end of each year, how much will I have at the end of 10 years? \n" ); document.write( "
Algebra.Com's Answer #762006 by greenestamps(13216) You can put this solution on YOUR website! \n" ); document.write( "Treat the original $55 as a lump sum left for 10 years; treat the $20 added at the end of each year as an annuity. \n" ); document.write( "(1) $55 at 6% for 10 years: \n" ); document.write( "(2) $20 at the end of each year for 10 years at 6%: \n" ); document.write( "Use a calculator and add the two amounts.... \n" ); document.write( " |