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Suppose $4000 is invested at 3% interest compounded monthy. How much money will there be in the bank at the end of 15 years?
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Suppose $4000 is invested at 3% interest compounded monthy. How much money will there be in the bank at the end of 15 years?

User Cvacca
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Since the interest rises 3% monthly, you have to keep taking your number and multiplying it by 3% each month and when you keep doing this, you end up with $6,269.73.
User Olivier De Jonge
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