Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

If you deposit $1000 into an account paying 2% annual interest compounded monthly, how much money will
you have in 6 years?


Sagot :

Answer:

$1126.16

Step-by-step explanation:

1000(1+2%)^6 is the equation

120$ in six years because 20$ every year