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