Ask Question
4 June, 11:20

Isabel deposits $6,000 into an account that earns 1.5% interest compounded monthly. Assuming no more deposits and no withdrawals are made, how much money is in the account after 4 years?

+5
Answers (1)
  1. 4 June, 11:53
    0
    Fv=6,000 * (1+0.015:12) ^ (48)

    Fv=6,370.78
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Isabel deposits $6,000 into an account that earns 1.5% interest compounded monthly. Assuming no more deposits and no withdrawals are made, ...” 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