You invest $300 in an account that has an interest rate of 1.3%, compounded monthly. How much money is in the account after 10 years? Round your answer to the nearest whole number.
The formula is A=p (1+r/k)^kt A future value? P present value 300 R interest rate 0.013 k compounded monthly 12 T time 10 years A=300×(1+0.013÷12)^(12×10) A=341.62
