Mathematics, 19.08.2020 04:01 thisbegaby
1.
Harriet has deposited $693 in a savings account that earns interest at a rate of 4.6% compounded monthly. What will the account balance be in thirteen years? (2 points)
$1,258.77
$1,243.50
$724.88
$3,187.80
Answers: 3
![A = p [1+r]^n \\\\ A = 693 [1+0.003833]^{156}\\\\ A= 693[1.8163]\\\\ A = 1258.77](/tpl/images/0724/4485/4bf1a.png)
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Harriet has deposited $693 in a savings account that earns interest at a rate of 4.6% compounded...
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