Conner opens a new savings account and decides to deposits $100 on the first day of each month into the account which earns 1.0% interest each month. how much is in the account to the nearest dollar, right after conner makes his last deposit on the first day of the sixth year (the 61st month)?

Given:

monthly deposit, A=100

rate of interest, i = 1% per month = 0.01 per period

compounding period = 1 month (assumed).

Total payments :

n=60 payments of $100 at the end of the month (beginning of the next month) +

1 payment at the beginning of the first month.

Future value after 60 months

= amount due to 60 monthly payments at end of month + value of first payment

= A((1+i)^n-1)/i  + A*(1+i)^60

=100(1.01^60-1) + 100(1.01^60)

= 8166.967 + 181.670

= 8348.64 (to the nearest cent)

50 min

step-by-step explanation:

they will be decreasing both their times in half

60 / 2 = 30

40/2 = 20

30 + 20 = 50

she would want to sell 10 full-year subscriptions and at least 9 half-year subscriptions to get a total of at least $300. 

i hope this answer you! if you have any further questions or concerns, feel free to ask! : )

step-by-step explanation:

mark brainliest!