Question

Suppose you deposited $10 into your savings account each month, as indicated in the table. Your account pays 4%, compounded monthly. How much will you have in your account at the end of 15 years? a. $2,908 c. $3,668 b. $2,461 d. $1,800 Please select the best answer from the choices provided

Answer 1

I think its D. $1,800 because 10.4 multiplied by twelve is 124.8 and if you multiply that by 15 you get $1.872.