Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7 months? O A. $11,185.42 O B. $8,700.33 O C. $8,696.71 O D. $8,516.52

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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Brad invests $8 500 in an account paying 4% compounded monthly How much is in the account after 7 months?
O A. $11,185.42
O B. $8,700.33
O C. $8,696.71
O D. $8,516.52
Transcribed Image Text:Brad invests $8 500 in an account paying 4% compounded monthly How much is in the account after 7 months? O A. $11,185.42 O B. $8,700.33 O C. $8,696.71 O D. $8,516.52
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