Solución
A bank offers an investment account with an annual interest rate of 1.17% compounded monthly. Bob invests 3500 into the account for years.Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. How much interest is earned on Bob's investment after 2 years
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
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