Samantha deposits $15,456 in a savings account and leaves it there for 15 years at 4.3% compounded monthly

asked Sep 10, 2024 81.1k views

5 votes

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3 votes

Answer:

$29425

Explanation:

$\displaystyle A=P\left(1+(r)/(n)\right)^(nt)\\\\A=15456\left(1+(0.043)/(12)\right)^(12(15))\\\\A\approx\$29425$

Honza Osobne answered Sep 14, 2024