If you invest $35,000 into an account that gets 9% interest compounded monthly, how much would you have in your account after 10 years?

asked Feb 6, 2022 159k views

2 votes

If you invest $35,000 into an account that gets 9% interest compounded monthly, how much would you have

in your account after 10 years?

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6 votes

Answer:

$1084545551

Explanation:

We have:

$35000 x (1 + 9%)¹²ˣ¹⁰ = $1084545551

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