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We have 5 000 $ as a deposit in the bank. What will be the value of this deposit after 6 years, if it is
We have 5 000 $ as a deposit in the bank. What will be the value of this deposit after 6 years, if it is compounded monthly and the annual nominal interest rate is 4%? There are no separators between thousands of magnitude: no spaces, no dots. Only numbers can be written in the empty cells, units do not Give the final results at least with two-decimal accuracy, but during the calculations use as accurate values as it possible. The decimal point is the dot. For example: 83460.42 $ After 6 years the value of the deposit will be $
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