SOLUTION: what is the accumulated amount at the end of 5years if 3,250 is invested at an interest rate of 4.25% compounded monthly?

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Question 845591: what is the accumulated amount at the end of 5years if 3,250 is invested at an interest rate of 4.25% compounded monthly?

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount
P= principal = 3250
r= annual rate = .425
n= periods per year = 12
t= years = 5

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