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Peyton invested $690 in an account paying an interest rate of 5.6% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account
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Peyton invested $690 in an account paying an interest rate of 5.6% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 8 years?​

User David Beckwith
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1 Answer

4 votes

Rounded answer is $1,080

User Tal Angel
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