26,000(1 + 0.024/12)12(3) = your answer
Letician S.
asked • 04/25/18If you invest $26000 into an account that earns 2.4% interest, compounded monthly how much will you have after 3 years
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Andy C. answered • 04/25/18
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26000 ( 1 + 2.4/12)^(12*3) =
26000 ( 1.002)^36 = 27939.03
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