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Here. Kim invested $16,000 in a savings account that pays an annual interest rate of 1.4%. The savings account is set to compound monthly (12 times per year). How much is in Kim…

Here. Kim invested $16,000 in a savings account that pays an annual interest rate of 1.4%. The savings account is set to compound monthly (12 times per year). How much is in Kim…
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here. Kim invested $16,000 in a savings account that pays an annual interest rate of 1.4%. The savings account is set to compound monthly (12 times per year). How much is in Kim's account after 7 years?​

asked
User Nitesh Goel
by
8.2k points

1 Answer

5 votes

Answer:156800

Explanation:

1.4x16000. x7

answered
User Ryoichiro Oka
by
7.9k points
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