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B. What would be the new account balance in five years at a 5.12% if the interest was compounded monthly?

B. What would be the new account balance in five years at a 5.12% if the interest was compounded monthly?
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1 vote
b. What would be the new account balance in five years at a 5.12% if the interest was compounded monthly?

asked
User Isparia
by
8.2k points

1 Answer

5 votes

Answer: The account will earn in one year the amount of $10,512,000

Explanation:

answered
User John Magistr
by
8.3k points
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