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If interest is compounded monthly, then the actual amount you would owe in the situation of part (b)is given by $7000 ✕ 1.01612. What is the actual amount you would owe at the e…

If interest is compounded monthly, then the actual amount you would owe in the situation of part (b)is given by $7000 ✕ 1.01612. What is the actual amount you would owe at the e…
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if interest is compounded monthly, then the actual amount you would owe in the situation of part (b)is given by $7000 ✕ 1.01612. What is the actual amount you would owe at the end of the year? (Round your answer to the nearest cent.

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User Sa Patil
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1 Answer

2 votes

If you look at this rationally I believe it will be 7.0 with the odd number.

answered
User Assaf Gamliel
by
8.2k points
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