Question: 7. Please help me practice this I can't seem to get the correct answer Suppose you invest $4300 in an account with an annual interest
7. Please help me practice this I can't seem to get the correct answer

Suppose you invest $4300 in an account with an annual interest rate 12% compounded monthly (1% each month). Use this information to complete the table below. Round to the nearest cent as needed. 1% Interest Month Starting Balance on Starting Balance Ending Balance $4300 $43 $4343 2 $4343 W un $4430.29 4 $4430.29 $44.75
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
