Recall the compound interest formula
Where r = 0.04, n = 12 since compounded monthly, t = 30, and p, initial value, is 24000.
Plug them in, 79523.95 seems to be the solution.
Where r = 0.04, n = 12 since compounded monthly, t = 30, and p, initial value, is 24000.
Plug them in, 79523.95 seems to be the solution.