Don earned $1,800 last summer. If he deposited the money in his savings account that earns 4% interest compounded monthly, how much money will he have in 5 years?

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asked Sep 15, 2018 15.2k views

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Don earned $1,800 last summer. If he deposited the money in his savings account that earns 4% interest compounded monthly, how much money will he have in 5 years?

Mathematics
high-school

Chris Maness asked

by Chris Maness

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1 Answer

5 votes

$2160

I hope this helps you out Sierra272000.

Bogdan Vakulenko answered Sep 21, 2018

by Bogdan Vakulenko

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