If you invest $6800 in a fund that pays 10% annual interest

Last updated: 7/11/2022

If you invest $6800 in a fund that pays 10% annual interest compounded monthly (12 times per year), how much will you have after 9 years? Use the formula for compound interest: A=P(1+r/n)nt You will have $ in your account after 9 years. (Do not round until the final answer. Then round to the nearest cent as needed.)