Find the compound amount for the deposit and the amount of interest earned. $15,000 at 3% compounded monthly for 19 years ... The compound amount after 19 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the compound amount for the deposit and the amount of interest earned. $15,000 at 3% compounded monthly for 19 years ... The compound amount after 19 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Find the compound amount for the deposit and the amount of interest earned.
$15,000 at 3% compounded monthly for 19 years
***
The compound amount after 19 years is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
The amount of interest earned is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
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