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An amount P at 6% for 5 years compounded monthly increased to $15000.00. What is P? (Round answer to cents)

An amount P at 6% for 5 years compounded monthly increased to $15000.00. What is P? (Round answer to cents)
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1 vote
An amount P at 6% for 5 years compounded monthly increased to $15000.00. What is P? (Round answer to cents)

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User Arthur Chaparyan
by
9.0k points

1 Answer

5 votes

Answer:

$20,232.75

Explanation:

I hope it helped

answered
User Vguerrero
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8.2k points
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