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MATH PLEASE HELP!!! 15 PTS!!! You deposit $520 in an account with 4% interest compounded monthly. What is the balance in the account after 5 years?

MATH PLEASE HELP!!! 15 PTS!!! You deposit $520 in an account with 4% interest compounded monthly. What is the balance in the account after 5 years?
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MATH PLEASE HELP!!! 15 PTS!!! You deposit $520 in an account with 4% interest compounded monthly. What is the balance in the account after 5 years?

User Dykam
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1 Answer

3 votes
Fv=520(1+0.04/12)^(12*5)
Fv=634.92
User Llama
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