Question
Use the compound interest formula to compute the balance in the following account after the stated period oftime, assuming interest is compounded annually. $6000 invested
Use the compound interest formula to compute the balance in the following account after the stated period oftime, assuming interest is compounded annually.
$6000 invested at an APR of 2.1% for 24 years.
The balance in the account after 24 years is $
(Round to the nearest cent asneeded.)
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
