madshipper2003 madshipper2003

15-11-2020
Mathematics

contestada

A principal of $9,519 is placed in an account that earns 8.1% interest. If the interest is compounded monthly, how much money will be in the account at the end of 7 years?

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abigailmmelcher abigailmmelcher

15-11-2020

Answer:

$16,749.77

Step-by-step explanation:

I used a compound interest calculator, I hope this answer is correct! Thanks! :)

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