I will have $2,96,625.46 in my account in 35 years.
Using financial calculator BA II Plus - Input details: #
I/Y = 3/12 = 0.250000
PMT = Payment = -$400.00
N = Total number of periods = 35×12 = 420
PV = Present Value = $0.00
CPT > FV = Future Value = $2,96,625.46
After 35 years, there would be $2,96,625.46.
Compound interest is calculated via multiplying the preliminary mortgage quantity, or main, by using the one plus the annual interest fee raised to the number of compound periods minus one. This may leave you with the whole sum of the loan consisting of compound interest.
Learn more about Compound interest here: https://brainly.com/question/24274034
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