SOLUTION: If $95 is put in an account that gets 6% and I add $18 per year, how much will I have at the end of 11 years?

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Question 1028651: If $95 is put in an account that gets 6% and I add $18 per year, how much will I have at the end of 11 years?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
you will have 449.83 at the end of 11 years.

the actual year by year calculations are shown in the following worksheet.

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the same result can be obtained by using a future value of an annuity formula as shown in the following financial calculator results.

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