# What is the final value of a $23,000 investment earning 4% interest after 3 months?

##### 2 Answers

#### Explanation:

I assume you mean compound interest acquired monthly.

- Under the assumption that you earn 4% each month...

Jan 3, 2018

#### Explanation:

Interest is assumed to be per year unless specifically stated as otherwise. Assuming monthly compounding of interest

Final value after