Wednesday

December 17, 2014

December 17, 2014

Posted by **Vanessa** on Friday, December 16, 2011 at 3:35pm.

- math -
**Damon**, Friday, December 16, 2011 at 3:46pm4 years = 48 months

interest/month = .02/12 = .00166666666

so every month multiply by 1.001666666

2235 * 1.001666666666^48 = 2420.99

or about 2421.

**Answer this Question**

**Related Questions**

math - This problem has to do with exponential models. The question says, you ...

math - Suppose that you deposit $1735.50 in a savings account that pays 9.25% ...

math - Samantha opened a savings account and deposited some money into the ...

Math - (a) Themba wants to deposit a sum of money into a savings account so that...

Algebra - Show how you substitute the values into the formula, then use your ...

Compound math - (Future Value) Suppose you invest $8000 into an account that ...

math - john hunt has invested $500.00 in a savings account that pays 6% annual ...

Math - 1. you deposit $200 into a savings account with interest compounded. ...

Math - If you deposit P dollars into a bank account paying an annual interest ...

math - if you deposit $700 a month in a savings account that earns 4% interest ...