If an individual saves $5,700 and elects to place the total dollar amount into a savings account earning 2.75% APR compounded monthly, how much will the original deposit grow to in 12 years?

3 answers

what is 5700(1.0275)^12 ?

An individual saves 5700 elects to
Place the total dollars into savings earning 2.75% apr compound monthly how much will the original deposit grow in 12 years.

7893.27

Similar Questions

If an individual saves $5,700 and elects to place the total dollar amount into a savings account earning 2.75% APR
1. 1 answer
What is the personal savings rate?The amount an individual saves each week, in dollars. The amount individuals spend as a
1. 1 answer
A girl saves money over a period of 200 weeks. She saves 5p in Week 1, 7p in Week 2,9p in Week 3, and so on until Week 200. Her
1. 1 answer
3/5 of Jack's savings is equal to 2/3 of Asher's savings. The difference in their savings is equal to 1/5 of Fred's savings.
1. 1 answer

If an individual saves​ $5,700 and elects to place the total dollar amount into a savings account earning​ 2.75% APR compounded​ monthly, how much will the original deposit grow to in 12​ years?

If an individual saves $5,700 and elects to place the total dollar amount into a savings account earning 2.75% APR compounded monthly, how much will the original deposit grow to in 12 years?