LesslyK475446 LesslyK475446

26-10-2022
Mathematics

contestada

What is the future value of saving account that earns 12% Interest each year calculated monthly after 5 years that initially has $325?

Respuesta :

JamylaY339870 JamylaY339870

26-10-2022

If the account earns 12% each year, after 5 years, the value will be 325*(1.12^5) = 325*1.76 = $572.76

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