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You have just invested 1,500 into a stock compounded yearly at a rate of 9%. How much money will be in your account in 60 days? (Please explain)
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You have just invested 1,500 into a stock compounded yearly at a rate of 9%. How much money will be in your account in 60 days? (Please explain)

User Vu Luu
by
6.5k points

1 Answer

7 votes

Answer:

1522.584

Explanation:

1500(1+.09/12)^2=1522.584

User Gkapoor
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6.1k points
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