Stephanie H.

asked • 06/16/24

Compounded interest



How much money should be deposited today in an account that earns 3.5% compounded monthly so that it will accumulate to $15,000 in 2 years?


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.