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Susan puts 20, 000 in a savings account paying 8% annual interest compounded monthly. At this rate, how much money will be in the account after 40 years?​

Susan puts 20, 000 in a savings account paying 8% annual interest compounded monthly. At this rate, how much money will be in the account after 40 years?​
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Susan puts 20, 000 in a savings account paying 8% annual interest compounded monthly. At this rate, how much money will be in the account after 40 years?​

User Funda
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1 Answer

5 votes

Answer:

20000*8*40/100=32*2000=64000+2000084000

User Workerjoe
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