Question

An investment pays 4.6% annual interest compounded monthly. If $3100 is

invested in this account. what will the balance be after 18 years?

Answer 1

I think it's 2566.8 if 4.6 is taken out of the account annually. I think that is what it is asking.. I'm only 13 so I'm not great at these yet but it should be right because I'm really good at math

Explanation: