Ethan invests $3000 in a mutual fund that earns 6% interest per year compounded monthly. After 10 years, the investment is worth
$5,458.19. How much interest did he earn?
1 answer:
Answer:
A = 3000(1 + .06/12)^120
strange the question did not want you to calculate the amount
that was given....
the interest is 5,458.19 - 3000 = 2,458.19
Step-by-step explanation:
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