Ask Question
1 March, 16:47

You deposit $3,237.00 into an account each year. The account makes 6.1% interest compounded annually.

How much money will be in the account after 24 years?

and After 39 years?

+2
Answers (1)
  1. 1 March, 19:57
    0
    24 years:

    3237*e^ (.061*24) = 13994

    39 years:

    3237*e^ (.061*39) = 34940
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You deposit $3,237.00 into an account each year. The account makes 6.1% interest compounded annually. How much money will be in the account ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers