Suppose that you deposit $300 a month into an account for 5 years that

pays 4.5% interest per year, compounded monthly. Find the future amount

of your plan at the end of 5 years.

Question

Peyton

7 April, 12:47

+3

Answers (2)

Know the Answer?

Dominique Fischer · Answer 1

You will have $20,219.20 at your plan at the end of 5 years.

Miya Martin · Answer 2

Miya Martin 7 April, 13:29

0

Well the answer would be long

Suppose that you deposit $300 a month into an account for 5 years thatpays 4.5% interest per year, compounded monthly. Find the future amountof your plan at the end of 5 years.