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bearhunter [10]

2 years ago

14

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:

Dmitry_Shevchenko [17]2 years ago

7 0

Answer:

Step-by-step explanation:

FV = P (1 + r / n)Yn

n=12

Y=20

P =6000

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