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Ilya [14]
3 years ago
14

If $15,000 is invested at 12% interest compounded monthly, find the interest earned in 12 years.​

Mathematics
2 answers:
tamaranim1 [39]3 years ago
3 0

Answer:

A

Step-by-step explanation:

It’s a

Anastaziya [24]3 years ago
3 0

Answer:

62859.23

Step-by-step explanation:

our equation is as follows

PV(1+\frac{i}{n})^{nt)}\\\\15000(1+\frac{.12}{12})^{12*12}\\15000(1+.01)^{144}\\\\62859.23

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