Austin deposited $4000 into an account with 4.8% interest,compounded monthly. Assuming that no

Discussion in 'Calculator Requests' started by math_celebrity, Nov 26, 2016.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Austin deposited $4000 into an account with 4.8% interest, compounded monthly. Assuming that no withdrawals are made, how much will he have in the account after 4 years? Do not round any intermediate computations, and round your answer to the nearest cent.

    Using our balance calculator, we get:
    $48,250.87
     

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