Question:
Your friend deposits $7500 in an investment account that
Last updated: 7/31/2022
Your friend deposits $7500 in an investment account that earns 8.1% annual interest. Find the balance after 6 years when the interest is compounded monthly. a) $12,193.50 b) $12,134.44 c) $11,967.83 d) $12,173.61