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Dmitriy789 [7]
3 years ago
14

steven just deposited $10,000 in a bank account that has a 12 percent nominal interest rate, and the interest is compounded mont

hly. steven also plans to contribute another $10,000 to the account one year (12 months) from now and another $20,000 to the account two years from now. how much will be in the account three years (36 months) from now?
Mathematics
1 answer:
Dafna11 [192]3 years ago
3 0

Answer:

$39,999.52

Step-by-step explanation:

10,000 - 12% = 9,999.88

9,999.88 x 4 = 39,999.52

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