Asked by kathy
In this exercise, assume that there are no deposits or withdrawals.
An initial deposit of $900 earns 13% interest, compounded monthly. How much will be in the account in
7 1/2
years? (Round your answer to the nearest cent.)
An initial deposit of $900 earns 13% interest, compounded monthly. How much will be in the account in
7 1/2
years? (Round your answer to the nearest cent.)
Answers
Answered by
oobleck
900(1 + 0.13/12)^(12 * 7.5) = _____
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