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Dominic invested $19,000 in an account paying an interest rate of 6.1% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after
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Dominic invested $19,000 in an account paying an

interest rate of 6.1% compounded monthly. Assuming
no deposits or withdrawals are made, how much
money, to the nearest dollar, would be in the account
after 16 years?

User Spiderix
by
7.8k points

1 Answer

4 votes

Answer:

A≈50298

Explanation:

User Quanty
by
7.2k points
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