Mark M. answered • 10/11/20
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(A) A = 6500(1 + 0.041/12)5
(B) A = 6500(1 + 0.041/12)(12)(8)
Sean M.
asked • 10/10/20Finance. Suppose that $6,500 is invested at 4.1% annual interest rate, compounded monthly. How much money will be in the account in (A) 5 months? (B) 18 years
Finance. Suppose that $6,500 is invested at 4.1% annual interest rate, compounded monthly. How much money will be in the account in (A) 5 months? (B) 18 years
(A) Amount after 5 months: $ (Round to the nearest cent.)
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