At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Ask your questions and receive precise answers from experienced professionals across different disciplines. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Ryan invests $8,361 in a savings account with a fixed annual interest rate of 4.31% compounded monthly. After 10 years, what will be the balance in the account?

Sagot :

Answer:

12,750

Step-by-step explanation:

After investing for 10 years at 4.31% interest, your $8,361 investment will have grown to $12,750