Register

Dominik opened a savings account that has a 2.9% annual interest rate, compounded quarterly. If he deposits $500 every month, how much will be in his account after 12 years?

Dominik opened a savings account that has a 2.9% annual interest rate, compounded quarterly. If he deposits $500 every month, how much will be in his account after 12 years?
220k views
4 votes
Dominik opened a savings account that has a 2.9% annual interest rate, compounded

quarterly. If he deposits $500 every month, how much will be in his account after 12
years?

User Christian Rudolph
by
8.8k points

1 Answer

7 votes

Answer:

6000.29 is the answers

User Matthew Starkey
by
8.2k points
← Prev Question Next Question →

Related questions

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!