Question:

Finance. Suppose that $2,300 is invested at 3.6% annual

Last updated: 7/24/2022

Finance. Suppose that $2,300 is invested at 3.6% annual

Finance. Suppose that $2,300 is invested at 3.6% annual interest rate, compounded monthly. How much money will be in the account in (A) 6 months? (B) 7 years? (A) Amount after 6 months: $____ (Round to the nearest cent.) (B) Amount after 7 years: $____ (Round to the nearest cent.)