You deposit $5000 in a bank account. Find the balance after 10 years with a 5% annual interest compounded monthly.

Mathematics

1 answer:

I am Lyosha [343]3 years ago

3 0

Answer:

$7,500

Step-by-step explanation:

5,000*0.05=250

250*10=2,500

5,000+2,500=7,500

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