Register
Gilbert Chan deposits $500.00 each month into a savings account with a 3.2% annual interest rate, compounded monthly. How much is the account after 4 months?
8.2k views
2 votes
Gilbert Chan deposits $500.00 each month into a savings account with a 3.2% annual interest rate, compounded monthly. How much is the account after 4 months?

User Elyass
by
5.8k points

1 Answer

7 votes

The answer would be $2,064 I believe. Hope this helps!

User GeorgeBarker
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.4m questions

8.4m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is distributive property ?
What is the measure of xyz
Link Copied!