document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1208886>Question 1208886</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Connor opens a new savings account and deposits 100 on the first day of the month. Each month after that he will increase his monthly contribution by 1%. How much is in the account to the nearest dollar, right after Connor makes his last deposit on the first day of the sixth year (61 month) </SPAN>\n" );
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document.write( "Tutor ikleyn should change 0.01^2 to 1.01^2<BR>\n" );
document.write( "The result 8348.636655... represents how much Connor deposits in total.<BR>\n" );
document.write( "If rounding to the nearest penny, then it would be $8348.64\r<BR>\n" );
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document.write( "This would <u>not</u> represent how much is in the savings account because the balance will accrue interest. <BR>\n" );
document.write( "Unfortunately the interest rate is not stated so there's no way to find how much is in the account. <BR>\n" );
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