What interest will be earned if $4,800 is invested for 7 years at an annual rate of 12% compounded monthly? $8,832.00 $11,072.27 $5,146.25 $57,486.80 $5,408.76
What interest will be earned if $4,800 is invested for 7 years at an annual rate of 12% compounded monthly? $8,832.00 $11,072.27 $5,146.25 $57,486.80 $5,408.76
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Question
What interest will be earned if $4,800 is invested for 7 years at an annual rate of 12% compounded monthly?
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$8,832.00 |
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$11,072.27 |
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$5,146.25 |
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$57,486.80 |
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$5,408.76 |
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