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Suppose you invest $5,000 in an account earning 4.71% APR compounded monthly. How much money will be in the account after 15 years?

Suppose you invest $5,000 in an account earning 4.71% APR compounded monthly. How much money will be in the account after 15 years?
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5 votes
Suppose you invest $5,000 in an account earning 4.71% APR compounded

monthly. How much money will be in the account after 15 years?

User Ali Aljarah
by
7.9k points

1 Answer

1 vote

$9,664.47

After 15 years the account will have $9,664.47

User Ezaldeen Sahb
by
8.2k points
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