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Chuck deposits $2000 into a bank account that compounds monthly at an annual interest rate of 6% Assuming there are no other transactions, what will the balance be after 4 years, in dollars?

 Mar 22, 2024
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A =  2000 ( 1 + .06/12)^(4 * 12)  =  2000 (1 + .06/12)^48     = $2540.98

 

cool cool cool

 Mar 22, 2024

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