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Please help with my homework. You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in the account in 15 years?

Please help with my homework. You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in the account in 15 years?
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3 votes
Please help with my homework.

You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in the account in 15 years?

User Wonderchook
by
7.3k points

1 Answer

6 votes
$12,689

$4,000 with 8% interest for 15 years
User Bruceceng
by
7.7k points
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