If $5000 is invested at 7.8% interest compounded monthly, how much would you have after 54 months?
1 answer:
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Answer:
$9
Explanation:
First, we need to find 70% of the original price of $30 using the following equation:
It means that Emma pays $21 less than the original price. So, she pays:
$30 - $21 = $9
Therefore, the answer is $9