You deposit $3000 in an account earning 5% interest compounded monthly.  How much will you have in the account in 15 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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You deposit $3000 in an account earning 5% interest compounded monthly. 

How much will you have in the account in 15 years?

 

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You deposit $3000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years?

 

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