Math
posted by Charlie .
I need to figure out what a deposit of 3500 a month, with 9 percent intrest compounded monthly, would be in 6 years. Any help would be greatly appreciated.

$3500 * (1.0075)^72 = $5,993.93
The balance is increased by a factor
1 + (0.09/12), each month for 72 months.
Respond to this Question
Similar Questions

Annuities
Victore French mad a deposit of 5000 at the end of ech quarter to book bank, which pays 8% intrest compounded quarterly. After 3 years, Victor made no more depostis. What will be the banance in the account 2 years after the last deposit. … 
Math
I need to figure out what a deposit of 3500 a month, with 9 percent intrest compounded monthly, would be in 6 years. Any help would be greatly appreciated. 
annuaties
Mr. Strupp expects to retire in 12 years. Beginning one month after his retirement, he would like to receive $500 per month for twenty years. How much must he deposit into a fund today to be able to do so if the rate of interest on … 
matttth help please
1. Mike wants to invest money every month for 40 years. He would like to have $1 000 000 at the end of the 40 years. For each investment option, how much does he need to invest each month? 
Please help!
If your bank paid simple intrest Of 4.25% compounded annually how much intrest would you earn after three years on an initial deposit of $750. 
MATH
If I deposit $3500.00 into an account with a annual rate of 4.5 compounded monthly how long would it to reach $5000.00 
math
if you deposit $700 a month in a savings account that earns 4% interest compounded monthly. how many months to get $3500 and what is the balance in the account. 
math
if you deposit $700 a month in a savings account that earns 4% interest compounded monthly. how many months to get $3500 and what is the balance in the account. 
Corporate Finance
A 15year annuity pays $1,750 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present … 
Math
John is a 45 year old and wants to retire at age 65. He wishes to make monthly deposit into an account paying 9% compounded monthly so when he retires he can withdraw $320 a month for 30 years. How much should John deposit each month?