Cooper is opening an online savings account to hold his $20,000 emergency fund. The online account pays 1.5% interest compounded monthly. If Cooper does not deposit or withdraw any money from the account,

Cooper is opening an online

savings account to hold his $20,000
emergency fund. The online account pays 1.5% interest compounded
monthly. If Cooper does not deposit or withdraw any money from the
account, how much will be in the account
in 5 years?

1 Answer

Cooper is opening an online savings account to hold his $20,000 emergency fund. The online account pays 1.5% interest compounded monthly. If Cooper does not deposit or withdraw …

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