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You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in the account in 5 years?

You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in the account in 5 years?
asked 81.9k views
2 votes
You deposit $4000 in an account earning 6% interest compounded monthly. How much will you

have in the account in 5 years?

asked
User Barlow
by
8.0k points

1 Answer

3 votes

Answer: $5,395.40

Explanation:

answered
User Linschlager
by
7.5k points
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