Suppose that $5,400 is invested at 5.6% annual interest rate, compounded monthly. How much money will be

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Suppose that $5,400 is invested at 5.6% annual interest rate, compounded monthly. How much money will be in the account in (A) 8 months? (B) 7 years?

(A) Amount after 8 months: $ (Round to the nearest cent.)

(B) Amount after 7 years: $ (Round to the nearest cent.)

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: Jul 31, 2018 03:38 AM

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Suppose that $5,400 is invested at 5.6% annual interest rate, compounded monthly. How much money will be

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Business Math

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