Question
Find the compound amount for the deposit and the amount of interest earned. $12,000 at 6% compounded monthly for 16 years The compound amount after
Find the compound amount for the deposit and the amount of interest earned.
$12,000 at 6% compounded monthly for 16 years
The compound amount after 16 years is?
(Do not round until the final answer. Then round to the nearest cent as needed.)
The amount of interest earned is?
(Do not round until the final answer. Then round to the nearest cent as needed.)
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
978-0134135373, 134133536, 134135377, 978-0134133539
