Register

A deposit of $10,000 is made in an account that receives 10% interest, compounded monthly. How much money will the account contain after five years?

A deposit of $10,000 is made in an account that receives 10% interest, compounded monthly. How much money will the account contain after five years?
24.5k views
4 votes
A deposit of $10,000 is made in an account that receives 10% interest, compounded monthly. How much money will the account contain after five years?

User YONGSOO KIM
by
8.0k points

1 Answer

5 votes

Answer:

45,000

Explanation:

User Igor Artamonov
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!