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A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compounded monthly. What is the balance of the account, …

A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compounded monthly. What is the balance of the account, …
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A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compounded monthly. What is the

balance of the account, to the nearest cent, after 6 years?

asked
User Isolated
by
8.0k points

1 Answer

6 votes

Answer:

account balance will be $12113.9 and the interest is $2113.9.

answered
User Guilherme Bernal
by
8.6k points
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