63.2k views
5 votes
A monthly contribution of $200 is deposited into an interest-bearing account. If the account has a 4.8% interest rate and compounds monthly, what will be the total amount in the account after 10 years?

1 Answer

4 votes
In 10 years, you will have $31,049.30
User Iliyan Bobev
by
6.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories