Ask Question
23 July, 01:39

Suppose that you invest $400 in a bank account that has APR of 6% and it is compounded monthly (12 times a year)

How much money will you have in your account after 1 year?

What is the amount of interest earned in 1 year?

+2
Answers (1)
  1. 23 July, 04:28
    0
    The answer would be $804.88
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that you invest $400 in a bank account that has APR of 6% and it is compounded monthly (12 times a year) How much money will you ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers