Asked by Sam
YOU DEPOSIT $520.00 IN AN ACCOUNT WITH 4% INTEREST COMPOUNDED MONTHLY WHAT IS THE BALANCE IN THE ACCOUNT AFTER 5 YEARS
520 X 1 + 0.04/12^60 IS THIS RIGHT WAY TO DO THIS
520 X 1 + 0.04/12^60 IS THIS RIGHT WAY TO DO THIS
Answers
Answered by
Scott
520 X [1 + (0.04/12)]^60 IS THIS RIGHT WAY TO DO THIS
just clarifying
just clarifying
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