Question

if $55 is put in an account that gets 6% and i add $20 at the end of each year, how much will i have at the end of 10 years?

Answer 1

I will not give you the answer but I will show you how to solve this.

55*.6= A
65*.6=B
75*.6=C
85*.6 = D

Do you see the trend? Continue until ten equations are formed and add all of the totals. A+B+D+C...=Total