How much money would you have after 7 years if you invested$12,000 at 2% in order to have compounded annually?

asked Nov 26, 2023 13.7k views

5 votes

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8 votes

Answer:

$1,680

Explanation:

i think it is right because 12,000 at 2 percent=280 then 280×7= 1,680

Asb answered Dec 2, 2023

by Asb

8.3k points

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