asked 143k views
4 votes
Peyton invested $690 in an account paying an interest rate of 5.6% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 8 years?​

1 Answer

4 votes

Rounded answer is $1,080

answered
User Tal Angel
by
8.0k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.