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How long will it take to accumulate $1200 in an account, if you begin with $1000 and the account pays 6% compounded monthly?

How long will it take to accumulate $1200 in an account, if you begin with $1000 and the account pays 6% compounded monthly?
71.8k views
4 votes
How long will it take to accumulate $1200

in an account, if you begin with $1000 and
the account pays 6% compounded
monthly?

User Jblejder
by
7.9k points

1 Answer

4 votes

Answer:

it will take 4 months

Explanation:

User Troy Gizzi
by
8.4k points
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