nehemiahcasey nehemiahcasey
  • 12-05-2020
  • Mathematics
contestada

Lauren invested $340 in an account paying an interest rate of 5.8% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 13 years?

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leggish
leggish leggish
  • 12-05-2020

A = P(1 + rt)

A=340(1+.58x13)

2903.6

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