SOLUTION: if 10,000 dollars is invested into an account compound monthly, then the amount in 15 years is approximately?

Question 923829: if 10,000 dollars is invested into an account compound monthly, then the amount in 15 years is approximately?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
if 10,000 dollars is invested into an account compound monthly, then the amount in 15 years is approximately?
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A(t) = P(1+(r/n))^(nt)
A(15) = 10,000(1+(r/12))^(12*15)
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Question:: What is the annual interest on the account?
Cheers,
Stan H.
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