You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in the account in 10 years?
3 answers
2000(1 + 0.07/12)^(12*10) = _____
6715576.77
You deposit $2000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 30 years?
1 answer