Kellie has built her savings account to $7,800. She is transferring it to an account that earns 5.5% interest, compounded monthly. What will the balance of the account be in 16 years?

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Humayun Shabbir asked Feb 16, 2023

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Kellie has built her savings account to $7,800. She is transferring it to an account that earns 5.5% interest, compounded monthly. What will the balance of the account be in 16 years?

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Humayun Shabbir asked Feb 16, 2023

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Answer:

Kellie has built her savings account to $7,800. She is transferring it to an account that earns 5.5% interest, compounded monthly. What will the balance of the account be in 16 years?

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Jojomojo answered Feb 20, 2023

by Jojomojo

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