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An investment of $6.599.20 earns 42% interest compounded monthly over 7 years. Approximately how much interest is earned on the investment?
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4 votes
An investment of $6.599.20 earns 42% interest compounded monthly over 7 years. Approximately how much interest is earned on the investment?

User Vijay Krishna
by
5.5k points

1 Answer

3 votes

Explanation:

a.

$2,250.96

b.

$4,308.21

c.

$6,762.59

d.

$8,850.20

User Caner
by
5.2k points
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