Dina K.

asked • 04/21/20

Compound Interest

If $10000 is put into a savings account that pays 2.5% interest compounded monthly, how much money, to the nearest ten cents, would be in that account after 5 years, assuming no money was added or withdrawn?



1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.