Twenty-five years ago Sandy invested $3,000. Fifteen years ago she put another $2,000 into the investment....

 

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Twenty-five years ago Sandy invested $3,000. Fifteen years ago she put another $2,000 into the investment. Over the 25 years, interest has accumulated at a rate of 6% compounded monthly. To the nearest dollar, how much interest has she earned over the 25 years? Twenty-five years ago Sandy invested $3,000. Fifteen years ago she put another $2,000 into the investment. Over the 25 years, interest has accumulated at a rate of 6% compounded monthly. To the nearest dollar, how much interest has she earned over the 25 years?

Answer rating: 100% (QA)

To calculate the interest earned over 25 years on Sandys investment we can use the formula for compo... View the full answer