Eva invests $9800 in a new savings account which earns 4.1% annual interest, compounded monthly. What will be the value of her investment after 8 years? Roundto the nearest cent.AnswerHow to enter your answer (opens in new window)KeypadKeyboard Shortcut

Given: Principal p=$9800Rate intertset =4.1%Time t=8 years

Answered: Eva to the nearest cent. invests $9800…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...

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Eva to the nearest cent. invests $9800 in a new savings account which earns 4.1 % annual interest, compounded monthly. What will be the value of her investment after 8 years? Round