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How much will we have accumulated if we invest $14,000 for 8 years 6 months at 8 1/5% annual interest, compounded monthly a. $6,989.63 b. $11,863,682.28 c. $14,834.32 d. $28.041…

How much will we have accumulated if we invest $14,000 for 8 years 6 months at 8 1/5% annual interest, compounded monthly a. $6,989.63 b. $11,863,682.28 c. $14,834.32 d. $28.041…
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How much will we have accumulated if we invest $14,000 for 8 years 6 months at 8 1/5% annual interest, compounded monthly

a. $6,989.63
b. $11,863,682.28
c. $14,834.32
d. $28.041.53

User Redct
by
8.3k points

1 Answer

2 votes
D. $28.041.53 that would be the right ansaer
User Eugene Strizhok
by
8.6k points
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