Find the balance in the account after the given period.
$4,200 deposit earning 4.2% compounded monthly, after 2 years. Use the direction in the pic plz.
Substituting our values into the formula we get [tex]A=4200(1+ \frac{0.042}{12})^1^2^*^2
\\ = 4200(1+0.0035)^2^4
\\ = 4200(1.0035)^2^4
\\ = 4567.37[/tex]
