Mathematics, 26.03.2020 01:54 elizabethhubbe

Use the compound interest formula LaTeX: A=P \left( 1+\frac{r}{n} \right)^{nt}A = P ( 1 + r n ) n t to complete this problem.

If you invest $3100 in an account that pays an annual percentage rate (APR) of 4%, and the interest is compounded monthly, what is the total amount of money that you would have at the end of 38 years?

(Round your answer to the nearest hundredth and do not include the dollar sign.)

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