You deposit $800 at the end of each month for 2 years in an account paying 2% compounded monthly. What is the final amou

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

You deposit $800 at the end of each month for 2 years in an account paying 2% compounded monthly. What is the final amou

Post by answerhappygod »

You deposit $800 at the end of each month for 2 years in anaccount paying 2% compounded monthly. What is the final amount ofthe account and how much interest is earned? Show all work.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”