On the first day of the year, Erin deposited $2500 into a savings account that earns 4% annual interest, compounded monthly. If she does not have any plans to deposit or withdraw any money, how much money will be in the account at the end of the year?

Answer rating: 100% (QA)

Heres how to calculate the amount of money in Erins account at the end of the year Convert ann... View the full answer