Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. What is the balance in his account after 4 years? A)27,579.67 B) 20,160 C) 10,420.49 D) 8371.03
Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. What is the balance in his account after 4 years? A)27,579.67 B) 20,160 C) 10,420.49 D) 8371.03
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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Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. What is the balance in his account after 4 years?
A)27,579.67
B) 20,160
C) 10,420.49
D) 8371.03
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