Find a bank account balance if the account starts with 100$, AND HAS AN ANNUAL RATE OF 4%, AND THE MONEY LEFT IN THE ACCOUNT FOR 12 YEARS
FV = PV [ 1 + R]^N
FV = 100 [1.04]^12
FV = 100 x 1.6010
FV = $160.10 Balance in your account after 12 years @ 4%.
