Moushan Moushan

20-05-2016
Mathematics

Answered

what would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%?

Verified Answer :

21-05-2016

60/12=5 years

100%+6%=106%=1.06

650 x 1.06^5=$896.84662... rounded is $896.85

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