If you deposit $2000 in an account earning 3% interest compounded monthly, how much will you have in the account in 20 years?

Ady Arabiat asked Jan 25, 2023

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12 votes

Ady Arabiat asked Jan 25, 2023

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6 votes

You will have $2,407,705.26, as the anual APY is 42.57%

Cereallarceny answered Jan 30, 2023

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