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40) If you deposit $6000 in a bank account with an interest rate of 5% compounded monthly, find the balance after 6 years. A) 4442.12 B) $8084.11 C) $8094.11 D) $7618.41 E) $4436.51
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40) If you deposit $6000 in a bank account

with an interest rate of 5% compounded
monthly, find the balance after 6 years.
A) 4442.12 B) $8084.11
C) $8094.11 D) $7618.41
E) $4436.51

User Ali Ashraf
by
6.7k points

1 Answer

5 votes

Answer:

The answer should be D

User Achinth Gurkhi
by
7.3k points
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