Mathematics, 21.04.2021 05:30 myg21

Lacey opened a savings account and deposited $100.00. The account earns 6% interest, compounded monthly. If she wants
to use the money to buy a new bicycle in 2 years, how much
will she be able to spend on the bike?
Round your answer to the nearest cent.

Answers: 1

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Lacey opened a savings account and deposited $100.00. The account earns 6% interest, compounded mo...

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More questions: Mathematics Another questions

Lacey opened a savings account and deposited $100.00. The account earns 6% interest, compounded monthly. If she wants to use the money to buy a new bicycle in 2 years, how much will she be able to spend on the bike? Round your answer to the nearest cent.

Answers

Another question on Mathematics

Lacey opened a savings account and deposited $100.00. The account earns 6% interest, compounded monthly. If she wants
to use the money to buy a new bicycle in 2 years, how much
will she be able to spend on the bike?
Round your answer to the nearest cent.