# How do I do this:Tried a few manually - took a couple of hours eachgot the right answer, but think there must be an easier way to calculate\$4000 for 4 yrs at 1.2% int compounded monthlyI am brand new to the TI-30x Calculator

Question

How do I do this:

Tried a few manually - took a couple of hours each

got the right answer, but think there must be an easier way to calculate

\$4000 for 4 yrs at 1.2% int compounded monthly

I am brand new to the TI-30x Calculator

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Step 1

To calculate the compound interest under the given conditions

Step 2

Formula for the amo... help_outlineImage TranscriptioncloseFormula for the amount earned A = P 1 here n P principal,initial investment r interest rate (decimal) n mumber of times compounded (in one year) t = number of years fullscreen

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