3 years ago

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

2 answers:

3 0

Answer:

Step-by-step explanation:

It’s a

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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