You deposit $8500 in an account that pays 1.78% annual interest. Find the balance after 10 years whe

Discussion in 'Calculator Requests' started by math_celebrity, Jan 29, 2022.

Tags:
  1. math_celebrity

    math_celebrity Administrator Staff Member

    You deposit $8500 in an account that pays 1.78% annual interest. Find the balance after 10 years when the interest is compounded monthly.

    10 years * 12 months per year = 120 months. Using our compound interest calculator, we get a balance of:
    $10,155.69
     
    math_celebrity, Jan 29, 2022
    #1

Share This Page