Tessa invests $5400 $ ⁢ 5400 in a new savings account which earns 5.2% 5.2 % annual interest, compounded monthly. What will be the value of her investment after 8 8 years? Round to the nearest cent.

Tessa invests $5400

$
⁢
5400
in a new savings account which earns 5.2%
5.2
%
annual interest, compounded monthly. What will be the value of her investment after 8
8
years? Round to the nearest cent.

1 Answer

Tessa invests $5400 $ ⁢ 5400 in a new savings account which earns 5.2% 5.2 % annual interest, compounded monthly. What will be the value of her investment after 8 8 years? Round…

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