Nancy has $4,111 in an account that pays 3.07% interest compounded monthly. what is her ending balance after two years?

The ending amount in Nancy account after two years at 3.07% interest compounded monthly is  $ 4364.64

Step-by-step explanation:

Given as :

The principal amount in Nancy account = $4,111

The rate of interest compounded monthly = 3.07 %

The time period  = 2 years

Let The amount in her account after 2 years  = $ A

so, From compounded method

Amount = Principal ×

Or, Amount = $4,111  ×

Or, A = $4,111  ×

Or,  A= $4,111  ×

∴ A = $4,111  × 1.0617

I.e  A = $ 4364.64

Hence The ending amount in Nancy account after two years at 3.07% interest compounded monthly is  $ 4364.64  Answer

darn right!

step-by-step explanation:

steve kerr's sons name is let that skin in.