Mathematics, 18.05.2021 22:10 urgurlkitty
Mrs. Ramirez has an initial investment of $500 at a rate of 4% interest compounded monthly and makes no
additional deposits. Determine how much money she will have in the investment account after 7 years. use the
compound interse formula.
a. 511.78
b. 611.26
c.657.97
d. 13,482.50
Answers: 3
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Mrs. Ramirez has an initial investment of $500 at a rate of 4% interest compounded monthly and makes...
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