deadliestog101 deadliestog101

19-03-2020
Mathematics

contestada

If you deposit $6,500 into an account paying 8% annual interest compounded monthly, how much interest will the account have earned after 7 years?

Respuesta :

amna04352 amna04352

19-03-2020

Answer:

$11358.24

Step-by-step explanation:

7×12 = 84

6500(1 + 0.08/12)⁸⁴

= 11358.24333

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farchinsung10 farchinsung10

19-03-2020

Answer:

The answer is $11358.24

hope this helps ;)

Answer Link

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