SOLUTION: I have $3,250 in an account that I wont touch for 6 years. Durinng that time I get 6% interest every month. How much money will I have in 6 years?
Thanks for reading and hopefull
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Thanks for reading and hopefull
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Question 527989: I have $3,250 in an account that I wont touch for 6 years. Durinng that time I get 6% interest every month. How much money will I have in 6 years?
Thanks for reading and hopefully answerinng my question :) Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! I have $3,250 in an account that I wont touch for 6 years. During that time I get 6% interest every month. How much money will I have in 6 years?
:
Assume you mean the annual interest rate is 6%, compounded every month
:
A =
:
A =
:
A = $4,654.14
