SOLUTION: Find the future value $3091.77 invested for 3 years at 4% compounded monthly

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Question 761463: Find the future value $3091.77 invested for 3 years at 4% compounded monthly
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
100 + 4% = 104% = 1.04.
3 years = 36 months
$3091.77 * 1.04^36
= $12688.42.
Hope this helps.
:-)