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4400 dollars is placed in an account with an annual interest of 8.25%.How much will be in the account after 29 years

4400 dollars is placed in an account with an annual interest of 8.25%.How much will be in the account after 29 years
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4400 dollars is placed in an account with an annual interest of 8.25%.How much will be in the account after 29 years

User Daud Arfin
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1 Answer

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If interest is compounded annually, the account balance will be
.. 4400*1.0825^29 ≈ 43,839.13 . . . . dollars
User Cross
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