Answered

IDNLearn.com provides a user-friendly platform for finding and sharing accurate answers. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.

Ryan invests $12,000 in a savings account with a fixed interest rate of 4.31% compounded monthly. After 10 years what is the balance?

Sagot :

Abigailcatronidn

Answer:

$5,172

Step-by-step explanation:

I multiplied by the 4.31% x 12,000 that got me 517.2 but if yo multiplied by 10 that gives me $5,172 years of his balance.

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.