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You invest $500 in an account that has an annual interest rate of 8%, compounded yearly for 12 years. How much will you have?

You invest $500 in an account that has an annual interest rate of 8%, compounded yearly for 12 years. How much will you have?
asked 170k views
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You invest $500 in an account that has an annual interest rate of 8%, compounded yearly for

12 years. How much will you have?

asked
User Neil Anderson
by
7.6k points

1 Answer

7 votes
1259.09$
That should be the answer.
answered
User Rpstw
by
8.4k points
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