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Karla invested $12,000, which earned 4.25% compounded monthly for five years. How much interest did she earn?

Karla invested $12,000, which earned 4.25% compounded monthly for five years. How much interest did she earn?
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Karla invested $12,000, which earned 4.25% compounded monthly for five years. How much interest did she earn?

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User Chuck Savage
by
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1 Answer

3 votes

Karla invested $12,000, which earned 4.25% compounded monthly for five years. How much interest did she earn?

ANSWER

= $510.

SOLUTION

$12, 000 × 4.25%

= $510

answered
User Kharl
by
8.7k points
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