Your grandfather gave you $12,000 a a graduation present. You decided to do the responsible thing an

Your grandfather gave you $12,000 a a graduation present. You decided to do the responsible thing and invest it. Your bank has a interest rate of 6.5%. How much money will you have after 10 years if the interest is compounded monthly?

Using our compound interest calculator, we have 10 years * 12 months = 120 months.
$22,946.21