Asked by Angel45
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.)
years? (Round your answer to the nearest cent.)
Answers
Answered by
oobleck
just use your formula...
900(1 + 0.13/12)^(12*7.5) = 2373.57
900(1 + 0.13/12)^(12*7.5) = 2373.57
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