d

In order to purchase a new backyard patio in 3 years, the Robinsons have decided to deposit $1,000 in an account that earns 6% per year compounded monthly for 3 years. How much money will be in the account in 3 years? a) $1,196.68 b) $1,216.68 c) $1,236.68 d) $1,176.68 e) $1,156.68 f) None of the above. Review Later