document.write( "Question 1175393: You deposit $3000 in an account earning 6% interest compounded monthly. How much will you have in the account in 15 years? \n" ); document.write( "

Algebra.Com's Answer #801004 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi\r\n" );
document.write( " In General \r\n" );
document.write( "A = Accumulated Amount\r\n" );
document.write( "P= principal = 3000\r\n" );
document.write( "r= annual rate = .06\r\n" );
document.write( "n= periods per year = 12\r\n" );
document.write( "t= years =15\r\n" );
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document.write( " = $7362.28                                      \r\n" );
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document.write( " Wish You the Best in your Studies.\r\n" );
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