SOLUTION: You deposit $3000 in an account earning 7% interest compounded monthly. How much will you have in the account in 10 years? Round to the nearest cent. Use this compound interest for

Algebra ->  Finance -> SOLUTION: You deposit $3000 in an account earning 7% interest compounded monthly. How much will you have in the account in 10 years? Round to the nearest cent. Use this compound interest for      Log On


   

Question 1176652: You deposit $3000 in an account earning 7% interest compounded monthly. How much will you have in the account in 10 years? Round to the nearest cent. Use this compound interest formula:
A=P(1+rn)nt
Answer by ikleyn(52787) About Me  (Show Source):
You can put this solution on YOUR website!
.

Having the formula, use your calculator.

Why the tutor should make you job ?