You deposited 800 dollars in an account that pays 6% interest compounded monthly. How much will your account be worth after 10 y
ears?
A. 276130.00
B. 849.46
C. 1456
D. 1455.52
1 answer:
The answer is D. $14,55.52. I got this answer by using the compound interest formula which would be Y=800(1+.06/12)^12•10. Hope this helps!! :)
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