Asked by rania

if karla invested 12000$ in abc bank for annual rate 3.9 for 6 years with compounded monthly intersted a- how much she got as afuture value at the end of the period ? b- find the value of the interest?
Answered by Scott
a- A = 12000 [1 + (.039/12)]^(6 * 12)

b- subtract 12000 from a-
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