if $7000 is invested at 3% compounded monthly, what is the amount after 4 years

Discussion in 'Calculator Requests' started by math_celebrity, Mar 6, 2021.

Tags:
  1. math_celebrity

    math_celebrity Administrator Staff Member

    if $7000 is invested at 3% compounded monthly, what is the amount after 4 years

    4 years = 12 *4 = 48 months since we're compounding monthly.
    From our compound interest calculator, we get:
    $3,381.98
     
    math_celebrity, Mar 6, 2021
    #1

Share This Page