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Dominik opened a savings account that has a 2.9% annual interest rate, compounded quarterly. If he deposits $500 every month, how much will be in his account after 12 years?

Dominik opened a savings account that has a 2.9% annual interest rate, compounded quarterly. If he deposits $500 every month, how much will be in his account after 12 years?
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4 votes
Dominik opened a savings account that has a 2.9% annual interest rate, compounded

quarterly. If he deposits $500 every month, how much will be in his account after 12
years?

asked
User Christian Rudolph
by
8.8k points

1 Answer

7 votes

Answer:

6000.29 is the answers

answered
User Matthew Starkey
by
8.2k points
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