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

User Fcaserio
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1 Answer

2 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.

User Nnythm
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