Question: Use the compound interest formula to compute the total amount accumulated and the interest earned. $9000 for 4 years at 6.5 % compounded monthly Question
Use the compound interest formula to compute the total amount accumulated and the interest earned. $9000 for 4 years at 6.5 % compounded monthly Question content area bottom Part 1 The total amount accumulated after 4 years is $11,664.18 . (Round to the nearest cent as needed.) Part 2 The amount of interest earned is $enter your response here . (Round to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
