If 7800 is invested at 5.2% interest compounded monthly, how much will the investment be work in 11 years

The investment will become $13803.

Step-by-step explanation:

We are given that a principal amount of $7800 is invested at an APR of 5.2% compounded monthly.

We have to calculate the matured sum of money after 11 years.

Now, the monthly interest rate is and the principal is compounded for (11 × 12) = 132 times.

Now, using the formula of compound interest we will get the matured sum

= dollars (Approximate)

Therefore, the investment will become $13803. (Answer)

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (