Vargas Guerrero
12/18/2023 · High School
12. You deposit \( \$ 30,000 \) in an account earning \( 9 \% \) interest eompounded monthly. How much will you have in the account in 15 years? Por fall credit, show your formula a calculations to answer the question.
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The amount in the account after 15 years will be approximately $108,480.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit