Suppose you invest $46,000.00, and it earns 12% annual interest, compounded 12 times per year, what will be in the account after 11 years? Round your answer to the nearest penny. Recall: F=P(1+i) to the nth power , where i is the interest rate per period (month), and n is the total number of periods (months). The annual rate is not i, it is12(i). Future Value = $

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Suppose you invest $46,000.00, and it earns 12% annual interest, compounded 12 times per year, what will be in the account after 11 years? Round your answer to the nearest penny.

Recall: F=P(1+i) to the nth power , where i is the interest rate per period (month), and n is the total number of periods (months). The annual rate is not i, it is12(i).

Future Value = $

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