hernandezjennifer513 hernandezjennifer513

06-03-2020
Mathematics

contestada

Assume you invest $5000 in an account paving 8% interest compounded monthly. How much
money will be in the account after 5 years?

Respuesta :

paustin181 paustin181

06-03-2020

5000 × 0.08 ⇒ 400

400 × 12 ⇒ 4.800

4.800 × 5 ⇒ 24.000

answer (24.000)

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