Max invests $1200 in account that pays 3.75% compounded monthly. How much will he have in 25 years?

1 answer:

7 0

I think 13500 because 1200x 3.75% is 45. So that’s 45 a month. Then 45 x 12 is 540. So that’s 540 a year. So time 540 by 25 and that is 13500. I don’t really know Cause I haven’t learned about percentage that much but hopefully it’s right

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