What is the future value of saving account that earns 12% Interest each year calculated monthly after 5 years that initially has $325?

asked Apr 1, 2023 193k views

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If the account earns 12% each year, after 5 years, the value will be 325*(1.12^5) = 325*1.76 = $572.76

Vinod answered Apr 5, 2023

by Vinod

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