Question:

Use the formula for computing future value using compound

Last updated: 10/4/2023

Use the formula for computing future value using compound

Use the formula for computing future value using compound interest to determine the value of an account at the end of 6 years if a principal amount of 12 000 is deposited in an account at a annual interest rate of 7 and the interest is compounded monthly The amount after 6 years will be Round to the nearest cent as needed