209,332 views
35 votes
35 votes
Please help with my homework.

You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in the account in 15 years?

User Exequiel Barrirero
by
2.8k points

1 Answer

17 votes
17 votes
$12,689

$4,000 with 8% interest for 15 years
User Zemljoradnik
by
2.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.