2. Emily invests $7646 for 6 years in an account that is compounded monthly at 4.8%. a) How much money does she have? Show all your work using the equations b) Find the interest earned. Show all your work using the equations
2. Emily invests $7646 for 6 years in an account that is compounded monthly at 4.8%. a) How much money does she have? Show all your work using the equations b) Find the interest earned. Show all your work using the equations
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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![2. Emily invests $7646 for 6 years in an account that is compounded monthly at 4.8%.
a) How much money does she have? Show all your work using the equations
b) Find the interest earned. Show all your work using the equations](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e6f5f00-7bdd-4be4-a480-6cba25880dda%2F08a3f53c-5677-461e-ab04-0012af5d2a33%2F1911zcc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. Emily invests $7646 for 6 years in an account that is compounded monthly at 4.8%.
a) How much money does she have? Show all your work using the equations
b) Find the interest earned. Show all your work using the equations
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