A $1,000 deposit is made at a bank that pays 12% compounded monthly. How much will you have in your account at the end of 10 years?
Using our compound interest calculator with time = 10 years * 12 months per year = 120, we get:
33,003.87
Using our compound interest calculator with time = 10 years * 12 months per year = 120, we get:
33,003.87