Quinthy Quinthy

05-03-2021
Mathematics

contestada

If you deposit $1000 into an account paying 2% annual interest compounded monthly, how much money will
you have in 6 years?

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chloeicho207 chloeicho207

05-03-2021

Answer:

$1126.16

Step-by-step explanation:

1000(1+2%)^6 is the equation

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krchmarkie krchmarkie

05-03-2021

120$ in six years because 20$ every year

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