A principal of $8,416 is placed in an account that earns 7% interest. If the interest is compounded monthly, how much money will be in the account at the end of 14 years?

A principal of $8,416 is placed in an account that earns 7% interest. If the interest is compounded monthly, how much money will be in the account at the end of 14 years?

asked Dec 24, 2021 9.0k views

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