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here. Kim invested $16,000 in a savings account that pays an annual interest rate of 1.4%. The savings account is set to compound monthly (12 times per year). How much is in Kim's account after 7 years?
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here. Kim invested $16,000 in a savings account that pays an annual interest rate of 1.4%. The savings account is set to compound monthly (12 times per year). How much is in Kim's account after 7 years?​

User Nitesh Goel
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8.2k points

1 Answer

5 votes

Answer:156800

Explanation:

1.4x16000. x7

User Ryoichiro Oka
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7.9k points
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