You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in the account in 10 years? %24

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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You deposit $4000 in an account earning 3% interest
compounded monthly. How much will you have in the
account in 10 years?
%24
Transcribed Image Text:You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in the account in 10 years? %24
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