Asked by ACB121
You deposit $2,000 in an account with an annual interest rate of 4.5%. Calculate the amount of money you will have in your account after 9 years if interest is compounded monthly. Assume that you make no deposits into the account after the initial deposit. (Round your final answer to the nearest cent.)
Answers
Answered by
oobleck
as usual,
A = 2000(1 + .045/12)^(12*9)
A = 2000(1 + .045/12)^(12*9)
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