Register

You invest $5000 in an account. This account pays 4% annual interest compounded monthly. What would the balance be in the account after 2 years?

You invest $5000 in an account. This account pays 4% annual interest compounded monthly. What would the balance be in the account after 2 years?
71.6k views
1 vote
You invest $5000 in an account. This account pays 4% annual interest compounded monthly. What would the balance be in the account after 2 years?

User Dvdblk
by
8.3k points

1 Answer

3 votes

Answer:

$9800

Explanation:

User CaTourist
by
8.5k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!