How much money will be in your bank account after 3 years if you deposit $12,000 and earn 2% interest compounded monthly?

Olkoza asked Jun 15, 2022

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37 votes

Olkoza asked Jun 15, 2022

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12 votes

Answer:

$12,741.4

Explanation:

If there are no additional deposits, the final balance is $12,741.4, and the the total compound interest is $741.4.

Vinuta answered Jun 21, 2022

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