Kennedy opens a savings account with $500. He deposits $50 every month into the account that has a 0.95% interest rate, compounded annually. If he doesn't withdraw any money, what will the account balance be in 10 years? (show work)
A = $6,263.11
B = $6,322.61
C = $6.812,69
D = $6,872.19
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Home » Mathematics » Kennedy opens a savings account with $500. He deposits $50 every month into the account that has a 0.95% interest rate, compounded annually. If he doesn't withdraw any money, what will the account balance be in 10 years? (show work) A = $6,263.