Question: Suppose you save $ 1 5 , 0 0 0 in an account that pays a 1 2 . 4 % ( APR ) interest

Suppose you save $15,000 in an account that pays a 12.4%(APR) interest rate, compounded monthly. What is you balance after 5 years?
$26,910.56
$27,795.35
$16,675,157.06
$15,791.18
 Suppose you save $15,000 in an account that pays a 12.4%(APR)

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