188k views
0 votes
Hiram Callaway deposits $2,350 in an account that earns interest at 3.2% APR compounded monthly. What is his ending balance after five years?

1 Answer

5 votes
A = 2350(1 + 0.032/12)^60
= $ 2757.16
User HongKilDong
by
7.6k points