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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asked Jul 9, 2023 85.2k views

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?

Mathematics
college

Wonderchook asked

by Wonderchook

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1 Answer

6 votes

$12,689

$4,000 with 8% interest for 15 years

Bruceceng answered Jul 15, 2023

by Bruceceng

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