Ask Question
4 October, 04:58

What would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%?

+4
Answers (1)
  1. 4 October, 06:40
    0
    60/12=5 years

    100%+6%=106%=1.06

    650 x 1.06^5=$896.84662 ... rounded is $896.85
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers