You invest $1,300 in an account with an annual interest rate of 2.5%, compounded monthly. How much money is in the account after
15 years? Round your answer to the nearest whole number.
2 answers:
Total = 1,300 * (1+.025/n)^(15*12)
Total = <span><span><span>1,300 * (1.0020833333)^180
</span>
</span>
</span>
<span><span>Total = 1,300 * 1.4544239487
</span>
</span>Total =
<span>
<span>
<span>
1,890.75</span></span></span><span><span>
</span>
</span>
A=1,300×(1+0.025÷12)^(12×15)
A=1,890.75
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