Not if it ends at 9, like you typed it.
the picture quality is low
Step-by-step explanation:
therefore I can't give answer of your question
we are given
investment amount is 2300
so,
![P=2300](https://tex.z-dn.net/?f=%20P%3D2300%20)
![r=6.6%](https://tex.z-dn.net/?f=%20r%3D6.6%25%20)
![r=0.066](https://tex.z-dn.net/?f=%20r%3D0.066%20)
it is compounded monthly
so,
n=12
now, we can use formula
![FV=P(1+\frac{r}{n})^{nt}](https://tex.z-dn.net/?f=%20FV%3DP%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D%20%20)
now, we can plug values
t=7/12
and we get
![FV=2300(1+\frac{0.066}{12})^{7}](https://tex.z-dn.net/?f=%20FV%3D2300%281%2B%5Cfrac%7B0.066%7D%7B12%7D%29%5E%7B7%7D%20%20)
now, we can find FV
............Answer
Answer:
126,300.
Step-by-step explanation: