haha12381 haha12381
  • 16-05-2019
  • Mathematics
contestada

mei invests $4667 in a savings account with a fixed annual interest rate of 5% compounded 6 times per year. what will the account balance be after 8 years?

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daniela92
daniela92 daniela92
  • 16-05-2019

$6950.82, if you follow the formula P(1+r/t)^(n/t)

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