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You deposit $3000 in an account earning 8% interest compounded monthly. How much will you have in the account in 10 years?

You deposit $3000 in an account earning 8% interest compounded monthly. How much will you have in the account in 10 years?
asked 71.0k views
3 votes
You deposit $3000 in an account earning 8% interest compounded monthly. How much will you have in the account in 10 years?

asked
User Kishan Kumar
by
7.9k points

1 Answer

4 votes

Answer:

You will have approximately

4 , 049.58 in your account in 10 years

Explanation:

answered
User Supamunkey
by
8.8k points
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