The output of the following function is the future value of an account if PV dollars are deposited, left for Y years at an annual rate of r, with n compounds per year.

FV= PV(1+r/n) (nY)

Alonzo plans to put $4,500 dollars in an account that earns 4% interest compounded monthly. Use the formula to find Alonzo's account balance in 9 years. (Do not round until the final answer, then round your answer to the nearest dollar, and don't include the dollar sign.)

asked by guest
on Feb 16, 2026 at 11:37 pm



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