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4 points Sal invests $2,400 at 15.3% interest for five years. How much money would he have if the interest was compounded monthly

4 points Sal invests $2,400 at 15.3% interest for five years. How much money would he have if the interest was compounded monthly
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1 vote
4 points

Sal invests $2,400 at 15.3% interest for five years. How much money would he have if the
interest was compounded monthly

User Michaeline
by
8.2k points

1 Answer

5 votes

Explanation:

Compounded monthly means n=12

4 points Sal invests $2,400 at 15.3% interest for five years. How much money would-example-1
User Alfie Hanssen
by
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