contestada

Suppose that$ 7000 is placed in an account that pays 6% interest compounded each year.
Assume that no withdrawals are made from the account.
Follow the instructions below. Do not do any rounding.

Suppose that 7000 is placed in an account that pays 6 interest compounded each year Assume that no withdrawals are made from the account Follow the instructions class=

Respuesta :

Royaldragon

Answer:

1) 7420

2) 7865.5

Step-by-step explanation:

The Formula for Compound Intertst is Amout(rate/100+1)^number of years

7000(.06+1)^1

7000(.06+1)^2

Otras preguntas