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You are investing $6000 in an account earning 12% annual interest, compounded monthly. A) Write the equation for this situation B) How much money after 7 years?
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You are investing $6000 in an account earning 12% annual interest, compounded monthly.

A) Write the equation for this situation
B) How much money after 7 years?

User Aravind E
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1 Answer

4 votes
after 7 years you will have about 3,500
User Safiyah
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