SOLUTION: If Tommy's $700 from problem #3 is compounded monthly at 4.5%, how much money will he have in the account after four years?
Algebra ->
Finance
-> SOLUTION: If Tommy's $700 from problem #3 is compounded monthly at 4.5%, how much money will he have in the account after four years?
Log On
Question 1042487: If Tommy's $700 from problem #3 is compounded monthly at 4.5%, how much money will he have in the account after four years? Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! What's problem #3??
:
If you just want to know what is 700 compounded monthly at 4.5% for 4 years:
700[(1+(0.045/12))^(12*4)] = 837.77
