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Find the balance in the account after the given period. $6,900 deposit earning 3.9% compounded monthly, after 1 year.
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4 votes
Find the balance in the account after the given period.

$6,900 deposit earning 3.9% compounded monthly, after 1 year.

User Ymakux
by
5.6k points

1 Answer

4 votes
FW = PW(1+i)^N
= $6900(1+0.039)^1

solve for FW
(sorry don't have a calculator on me rn)
User Sarah B
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