Register
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?
9.0k views
1 vote
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?

User Arman Ordookhani
by
8.0k points

1 Answer

3 votes

Answer:

22,363

Explanation:

I used a compound interest calculator online

User Codium
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.0m questions

11.6m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!