144k views
5 votes
5,400 deposit earring 3.3% compound monthly after 4 years

User GtotheB
by
6.4k points

1 Answer

3 votes

✽ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ✽

Use this formula:

final = original x multiplier^n

n is the number of months

final = 5400 x 1.033^48

final = 25657.19605

Your answer is $25647.19

Hope This Helps You

Good Luck

Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ

User Chrisbro
by
6.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.