SOLUTION: I am having an issue figuring out a compound interest formula. X = 10,000(1+.04095/12)^60

SOLUTION: I am having an issue figuring out a compound interest formula. X = 10,000(1+.04095/12)^60

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Question 209853: I am having an issue figuring out a compound interest formula.
X = 10,000(1+.04095/12)^60
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
X = 10,000(1+.04095/12)^60
X=10,000(1+.0034125)^60
X=10,000(1.0034125)^60
X=10,000*1.22679
X=12,267.90 ANS.
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