Jim works overtime to save $500 per month for a pickup truck. The savings account Jim uses earns him 5% interest, compounded mon
thly. In two years, Jim will have in savings. He will have earned in interest on his savings.
2 answers:
Answer - the answer is 593 !
Answer:
$1615
Step-by-step explanation:
500(1+.05/1)^24
500(1+.05)^24
500*1.05^24
500*3.23
1615
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