You deposit $2,500 in a special savings account. The account earns interest at a rate of 3.25% compounded monthly.
a. What amount will be in your account at the end of 5 months is no other deposits or withdrawals are made?
b. What is the compound interest?
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Home » Business » You deposit $2,500 in a special savings account. The account earns interest at a rate of 3.25% compounded monthly. a. What amount will be in your account at the end of 5 months is no other deposits or withdrawals are made? b.