Mathematics, 18.03.2020 21:35 chynad6395
You invest $1,000 into a savings account with a 2.5% annual interest rate that compounds monthly. Each month, you add $100. Find the balance in the account after five years. How much will you have earned in interest?
a. $1,134
b. $7,000
c. $531
d. $6,531
Answers: 2
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You invest $1,000 into a savings account with a 2.5% annual interest rate that compounds monthly. Ea...
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