You have decided to open a savings account and put $9000 in your local bank at an interest rate of 0.6% APR, which is compounded monthly. About how much money will you have in the saving account at the end of 8 years. $______________________________________________

You have decided to open a savings account and put $9000 in your local bank at an interest rate of 0.6% APR, which is compounded monthly. About how much money will you have in the saving account at the end of 8 years. $______________________________________________

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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