SOLUTION: You deposit 1,140 dollars into an account that pays 7% interest for a period of 10 years. This account compounds interest monthly. How much money do you have at the end?

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Question 1184753: You deposit 1,140 dollars into an account that pays 7% interest for a period of 10 years. This account compounds interest monthly. How much money do you have at the end?
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

    future value = 1140%2A%281%2B0.07%2F12%29%5E%2812%2A10%29 = apply your calculator = 2291.01  dollars.    ANSWER

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    - Compounded interest percentage problems
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