An investment pays 4.6% annual interest compounded monthly. If $3100 is invested in this account. what will the balance be after 18 years?

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asked Oct 4, 2021 201k views

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SayantanRC · Answer 1 · 2021-10-07T22:44:28+0000

Answer:

I think it's 2566.8 if 4.6 is taken out of the account annually. I think that is what it is asking.. I'm only 13 so I'm not great at these yet but it should be right because I'm really good at math

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An investment pays 4.6% annual interest compounded monthly. If $3100 is invested in this account. what will the balance be after 18 years?

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