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$6500 for 5 years at 5.5% compounded monthly
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22 votes
$6500 for 5 years at 5.5% compounded monthly

User Vrybas
by
5.5k points

1 Answer

11 votes

Answer:

$8,552.07

Explanation:

The final balance is $8,552.07


The total compound interest is $2,052.07

User Andrew Eidsness
by
5.2k points
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