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Assume that an investment of $9000 earns an APR of 6% compounded monthly for 18 months. How much money is in your account after 18 months?
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Assume that an investment of $9000 earns an APR of 6% compounded monthly for 18 months. How much money is in your account after 18 months?
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Aug 28, 2021
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Assume that an investment of $9000 earns an APR of 6% compounded monthly for 18 months. How much money is in your account after 18 months?
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Tim Schwalbe
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The final balance is $9,845.36.
The total compound interest is $845.36.
If this is wrong, I do apologize.
Ramy Nasr
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Sep 3, 2021
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