please help me I HAVE USED EVERY SINGLE FORMULA I KNOW AND STILL CANT FIGURE THIS ONE OUT. THANKS :)
Gannon has deposited $742 in a savings account that earns interest at a rate of 3.4% compounded monthly. What will the account balance be in 15 years?

$767.23

$1,739.40

$1,225.21

$1,234.76

Question

please help me I HAVE USED EVERY SINGLE FORMULA   I KNOW AND STILL CANT FIGURE THIS ONE OUT. THANKS :)
Gannon has deposited $742 in a savings account that earns interest at a rate of 3.4% compounded monthly. What will the account balance be in 15 years?

 $767.23

 $1,739.40

 $1,225.21

 $1,234.76

anonymous · Answer

Did you find the number of monthly units.. ?

anonymous · Answer

monthly units?

anonymous · Answer

$$742(1 + \frac{ .034 }{ 12 })^t$$

anonymous · Answer

where t is the number of months.

anonymous · Answer

Thanks so much I got it choice A!!! :)

anonymous · Answer

seems unlikely

anonymous · Answer

wait what seems unlikely?

anonymous · Answer

how many months was the amount gaining interest.

anonymous · Answer

would it be 12 months? or would i multiply the months by 15?

anonymous · Answer

think about it.

anonymous · Answer

I think 180 months..

anonymous · Answer

im assuming that it would be 180 months.