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Suppose $7,000 is deposited in an account paying 2% interest per year compounded monthly. Find the amount in the account after 20 years with no withdrawals

Suppose $7,000 is deposited in an account paying 2% interest per year compounded monthly. Find the amount in the account after 20 years with no withdrawals
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Suppose $7,000 is deposited in an account paying 2% interest per year compounded monthly. Find the amount in the account after 20 years with no withdrawals

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User Will Dennis
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1 Answer

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Ok get a calculator times 20 times 7000 and subtract 2 percent
answered
User Jermel
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