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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?

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?

User Tim Schwalbe
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1 Answer

6 votes
The final balance is $9,845.36.
The total compound interest is $845.36.
If this is wrong, I do apologize.
User Ramy Nasr
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8.6k points
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