Mathematics
BernieceDelaluz481
24

You invest $1,300 in an account with an annual interest rate of 2.5%, compounded monthly. How much money is in the account after 15 years? Round your answer to the nearest whole number.

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(2) Answers
tony3

A=1,300×(1+0.025÷12)^(12×15) A=1,890.75

doyouknowphoebe

Total = 1,300 * (1+.025/n)^(15*12) Total = 1,300 * (1.0020833333)^180 Total = 1,300 * 1.4544239487 Total = 1,890.75

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