Question 1053994
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If Jackson deposited $400 at the end of each month in the saving account earing interest at the rate of 6%/year compounded monthly, how much will he have on deposite in his savings account at the end of 6 years, assuming that he makes no withdrawals during that period? Round your answers to two decimal places.
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a. $34,538.54
		
b. $34,563.54
	
c. $34,541.61
		
d. $34,490.17
	
e. $34,463.31

Please Explain. Thank you

For the "life of me," how on God's green earth did that person get {{{400(1 + .06/12)^(12 * 6)}}} to be $31,159.12,
which by the way, is NOT even one of the choices? Isn't that calculation 572.8177114?

I do believe that something should be done to prevent this person from attempting to help these "poor souls" who're
genuinely seeking help with their math problems. It's bad enough that they're already confused and may not know
where to turn to to get help, and then this....a plethora of mostly ridiculous and totally incorrect responses
from this person. Something needs to be done!! Why does someone or more than one person has to continue to clean
up this person's MESS?</pre>