asked 144k views
5 votes
5,400 deposit earring 3.3% compound monthly after 4 years

asked
User GtotheB
by
7.5k points

1 Answer

3 votes

✽ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ✽

Use this formula:

final = original x multiplier^n

n is the number of months

final = 5400 x 1.033^48

final = 25657.19605

Your answer is $25647.19

Hope This Helps You

Good Luck

Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ

answered
User Chrisbro
by
8.1k points
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