kayla0125 kayla0125

10-10-2020
Mathematics

contestada

An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.

What will the account be worth in 25 years?

Round your answer to the nearest cent.

Do NOT round until you have calculated the final answer.

Respuesta :

10-10-2020

= 100 ( 1 + 3/100 ) ^ 25
= 209.377793
= 209.4

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