Autumn invested $2,800 in an account paying an interest rate of 6.2% compounded monthly. Assuming no deposits or withdrawals are

Question

Autumn invested $2,800 in an account paying an interest rate of 6.2% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 8 years?

Kunduz · Accepted Answer

Click to see the answer