ctjohnson2504 ctjohnson2504

26-01-2022
Mathematics

contestada

Suppose $4000 is invested at 3% interest compounded monthy. How much money will there be in the bank at the end of 15 years?

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MrShadowGod MrShadowGod

26-01-2022

Since the interest rises 3% monthly, you have to keep taking your number and multiplying it by 3% each month and when you keep doing this, you end up with $6,269.73.

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