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You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years?

You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years?
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You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years?

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User Odinserj
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This means that after 15 years, ignoring any other factors, your $2000 deposit in an account earning 7% interest compounded continuously would grow to approximately $5535.18.
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User Ivan Hreskiv
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