Question 935745
<pre>
Let A = Periodic amount
    R = Interest rate
    T = Duration of Payment
   FV = Future Value
</pre>
{{{FV = A(((1+r)^t-1)/r)(1+r)}}}
{{{FV = 300(((1+.055)^10-1)/.055)(1+.055)}}}
{{{FV = 300(((1.055)^10-1)/.055)(1.055)}}}
{{{FV = 300(((1.708144458)-1)/.055)(1.055)}}}
{{{FV = 300(.708144458/.055)(1.055)}}}
{{{FV = 300(12.875353782)(1.055)}}}
{{{FV = 4075.05}}}

The owner's account would have a balance of $4075.05 in 10 years.