Posted by Sonya on .
$625.00 investested in retirement fund for 10 years @ 3.84% compounded

Algebra 106 
Steve,
625(1+.0384)^10 = 911.02
if compounded annually 
Algebra 106 
Sonya,
Steve, if compounded monthly for 10 yeays how do i calculate it

Algebra 106 
Steve,
Just alter the formula  divide the interest rate so it applies monthly, then multiply the number of compounding periods. Surprised you didn't know that, presumably having studied the material . . .
625(1+.0384/12)^(12*10)