Question:

Bill has $12,400 in a regular savings account earning 4 2/3%

Last updated: 8/6/2022

Bill has $12,400 in a regular savings account earning 4 2/3%

Bill has $12,400 in a regular savings account earning 4 2/3% annual interest that is compounded monthly. How much will be in the account at the end of 3 years? Round to the nearest cent, and do not include the dollar sign in your answer.