3 years ago

3. Susan invested $10,000 in an account that earned 3% interest, compounded monthly.

Mathematics

1 answer:

alisha [4.7K]3 years ago

3 0

A) total = 10,000 *(1+0.03/12)^(12*t)

B) t = 5 years

10,000 *(1+0.03/12)^(12*5 ) = $11,616.17

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