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3 years ago

15

If you deposit $6,500 into an account paying 8% annual interest compounded monthly, how much interest will the account have earn

ed after 7 years?

2 answers:

ruslelena [56]3 years ago

6 0

Answer:

$11358.24

Step-by-step explanation:

7×12 = 84

6500(1 + 0.08/12)⁸⁴

= 11358.24333

Brums [2.3K]3 years ago

6 0

Answer:

The answer is $11358.24

hope this helps ;)

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