Henry deposits $7500 in an account earning 2.75% 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% 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% 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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