madshipper2003 madshipper2003

17-11-2020
Mathematics

contestada

A principal of $8,416 is placed in an account that earns 7% interest. If the interest is compounded monthly, how much money will be in the account at the end of 14 years?

Respuesta :

sicilianlitt68 sicilianlitt68

17-11-2020

Answer:

22,363

Step-by-step explanation:

I used a compound interest calculator online

Answer Link

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