# Math Help - Compound interest

1. ## Compound interest

A family invests $4000 in an account paying 6% compounded monthly. How much is in the account after 5 years? 2. Originally Posted by chika A family invests$4000 in an account paying 6% compounded monthly. How much is in the account after 5 years?
F = A(1 + i)^n
F = Future value (?)
A = Amount invested (4000)
n = number of months (60)
i = interest factor (.06 / 12)

Were you given that problem without being given the formula?