Noah E.

asked • 02/19/15

Monique Fournier deposited $12,500 into a savings account paying 6.5% annual interest compounded monthly. What amount will she have in her account after 3 years

How much compounded interest will she have earned?

2 Answers By Expert Tutors

By:

Shelby J. answered • 02/19/15

Tutor
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Tom F.

tutor
Hi Shelby,
 
Your exponent should be 36 (12*3)
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02/19/15

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