You invest $2000 in an account that pays 2.7% interest compunded annually. If you make no payments into the account, what will t

Question

3 years ago

6

You invest $2000 in an account that pays 2.7% interest compunded annually. If you make no payments into the account, what will t

he balance of the account be in 10 years?.
Suppose you establish the same account, but the interest compounds monthly. What would your balance be in 10 years?

Mathematics

1 answer:

vaieri [72.5K] · Answer 1 · 2022-05-03T12:37:05+03:00

vaieri [72.5K]3 years ago

3 0

Answer:

Annually: 2,610.56

Monthly: 2,619.13

Step-by-step explanation: