borisuarez12 borisuarez12

18-05-2021
Mathematics

contestada

You invested $680 at 2.7% compounded monthly. How much money do you have after
8 years? Estimate your answer to two places after the decimal, if necessary.

Respuesta :

clarch19 clarch19

18-05-2021

Answer:

$843.74

Step-by-step explanation:

A = P (1 + r/n)^nt

A = 680(1 + 0.027/12)^12·8

A = 680( 1.00225)^96

A = 843.74

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