Explain how to solve this problem:
1 answer:
"every dollar" means P = 1
compounded monthly interest means 12
1(1+(.129/12)^(12(1)) =
in calculator do pemdas
1. .129/12 = 0.01075
2. 0.01075 + 1 = 1.01075
3. (1.01075)^12 = 1.136907156 =
answer = 1.14
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