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1. How much interest is earned on $4,965 at 7% compounded monthly for 18 years?

1. How much interest is earned on $4,965 at 7% compounded monthly for 18 years?
asked 216k views
2 votes
1. How much interest is earned on $4,965 at 7% compounded monthly for 18 years?

asked
User Mandi
by
7.5k points

1 Answer

3 votes
$6255.9

I did :
(4965/7)•18 to get it
If it’s wrong I am so sorry
answered
User Blackdoor
by
8.9k points
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