Suppose that you invest $6000 into a high yield savings account that earns 2% annual interest and is compounded monthly. If you
do not deposit or withdraw any money from the account, how much money will be in the account after 20 years? Show all work please
1 answer:
Answer:
Step-by-step explanation:
FV = P (1 + r / n)Yn
n=12
Y=20
P =6000
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