14,000(1 + 0.05/12)(12)(12)
Throw that in your calculator and round for your answer.
Rick S.
asked • 05/08/18An initial deposit of $14,000 earns 5% interest, compound monthly.
An initial deposit of $14,000 earns 5% interest, compound monthly. How much will be in the account after 12 years? (Nearest cent)
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