What total interest will be earned by $5000 invested at 2.4% compounded monthly for 3 1/2 years?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:47 AM

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What total interest will be earned by $5000 invested at 2.4% compounded monthly for 3 1/2 years?

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Since the rate of the interest is monthly so calculate the number of the mon...View the full answer

Fundamentals Of Business Mathematics In Canada

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