+0  
 
0
326
1
avatar

placing $300 in a 7.5% account compounded monthly for ten years. what is the final amount in ten years

 Mar 12, 2022
 #1
avatar+37153 
+1

Periods ina year = 12

interest per period    .075/12

periods = 120

 

FV = 300( 1 + .075/12)120   = $ ___________

 Mar 12, 2022

1 Online Users

avatar