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Suppose that $5000 in invested at 5.5% annual rate, compounded monthy. how much money will be in the account in 11 months​

Suppose that $5000 in invested at 5.5% annual rate, compounded monthy. how much money will be in the account in 11 months​
asked 32.0k views
3 votes
suppose that $5000 in invested at 5.5% annual rate, compounded monthy. how much money will be in the account in 11 months​

asked
User Henderunal
by
7.7k points

1 Answer

3 votes

Answer:

$8025

Explanation:

answered
User Hiddenbit
by
7.1k points
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