jaylaladson123 jaylaladson123

08-06-2021
Mathematics

contestada

Phineas puts $600 into a certificate of deposit that earns 3.09%. If the money is
compounded monthly, how much will it be worth in 4 years?

Respuesta :

prisha617 prisha617

08-06-2021

Answer: $678.83

Step-by-step explanation:

A = P(1 + r/n)nt

A = 600.00(1 + 0.0309/12)(12)(4)

A = 600.00(1 + 0.002575)(48)

A = $678.83

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