Asked by popsicle
If 6505.00 is deposited into an account earning 7.6% compounded monthly and left there for 15 years how much interest will be earned?
Answers
Answered by
oobleck
using the usual formula, that would be
6505(1 + 0.076/12)^(12*15)
6505(1 + 0.076/12)^(12*15)
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