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lana [24]
2 years ago
9

Assume you invest $3,000 in an account that pays 7% compounded monthly. How much money will be in the account after 6 years?

Mathematics
1 answer:
omeli [17]2 years ago
6 0
Use A = P(1+r/n)^(nt).

Here, A = $3000(1+0.07/12)^(12*6).  Can you evaluate this?
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