document.write( "Question 1140949: Chris deposited $3000 in a savings account which pays 2.4% interest compounded monthly . how much money will Chris have at the end of 5 years \n" ); document.write( "

Algebra.Com's Answer #761493 by josmiceli(19441) $\"\"$ $\"About$

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$\"+A+=+A%5B0%5D%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"$
\n" ); document.write( " $\"+A%5B0%5D+=+3000+\"$
\n" ); document.write( " $\"+r+=+.024+\"$
\n" ); document.write( " $\"+n+=+12+\"$
\n" ); document.write( " $\"+t+=+5+\"$
\n" ); document.write( "------------------
\n" ); document.write( " $\"+A+=+3000%2A%28+1+%2B+.024%2F12+%29%5E%2812%2A5%29+\"$
\n" ); document.write( " $\"+A+=+3000%2A%28+1+%2B+.002+%29%5E60+\"$
\n" ); document.write( " $\"+A+=+3000%2A1.002%5E60+\"$
\n" ); document.write( " $\"+A+=+3000%2A+1.12736+\"$
\n" ); document.write( " $\"+A+=+3382.09+\"$
\n" ); document.write( "$3,382.09
\n" ); document.write( " \n" ); document.write( "

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