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A monthly contribution of $200 is deposited into an interest-bearing account.If the account has a 4.8% interest rate and compounds monthly,what will be the total amount in the a…

A monthly contribution of $200 is deposited into an interest-bearing account.If the account has a 4.8% interest rate and compounds monthly,what will be the total amount in the a…
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A monthly contribution of $200 is deposited into an interest-bearing account.If the account has a 4.8% interest rate and compounds monthly,what will be the total amount in the account after 10 years?

User Stanley Shauro
by
8.6k points

1 Answer

4 votes

Answer:

22848 is your answer after you subtract the interest rate

Explanation:


User Sam Jones
by
7.8k points
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