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Verified Answer :

jddralek31987

you would have 513 in 10 years if you add 20 dollars at the end of each year.

apologiabiology

so here it is in math form (plug into calculator
1.06 means add 6% of whatever you have
so

551.06+20= first year
so what you do is just keep multiplying this quantity by 1.06 then adding 20 then multiplying, etc

the long form would be
[([([([([551.06+20]1.06+20)1.06+20]1.06+20)1.06+20]1.06+20)1.06+20]1.06+20)1.06+20]*1.06+20=362.1125
round
$362.11 after 10 years

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