$35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded monthly. She would like to save for the next 20 years and then take her money out. What would be her balace at the end of the 20 years? $35,000.50     $50,050.00       $15,050.50       $53,783.3

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Hailie has $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded monthly. She would like to save for the next 20 years and then take her money out. What would be her balace at the end of the 20 years?

$35,000.50
    $50,050.00
      $15,050.50    
  $53,783.32

 

 
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