If my bank offers 4.6% APR monthly, and I deposit $400 into this account and leave it there, how much will I have at the end of three years?

LeoE asked Nov 6, 2023

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LeoE asked Nov 6, 2023

by LeoE

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4 votes

SOLUTION

We wiant to find the amount after 3 years. We will make use of the formula

Lscmaro answered Nov 10, 2023

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