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?

5.9k points

Please log in or register to add a comment.

6 votes

Answer:

$1084545551

Explanation:

We have:

$35000 x (1 + 9%)¹²ˣ¹⁰ = $1084545551

5.4k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers