joyonelee joyonelee

11-02-2021
Mathematics

contestada

if $15,000 is invested at 12% interest compounded monthly, find the interest earned in 12 years.

Respuesta :

mellout400 mellout400

11-02-2021

Answer:

A

Step-by-step explanation:

It’s a

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madethisfortwitch1 madethisfortwitch1

11-02-2021

Answer:

62859.23

Step-by-step explanation:

our equation is as follows

[tex]PV(1+\frac{i}{n})^{nt)}\\\\15000(1+\frac{.12}{12})^{12*12}\\15000(1+.01)^{144}\\\\62859.23[/tex]

Answer Link

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