Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

terest formula to compute the total amount accumulated and
$5000 for 3 years at 1.7% compounded monthly
The total amount accumulated after 3 years is $ 5,261.42
(Round to the nearest cent as needed.)
The amount of interest earned is $
(Round to the nearest cent as needed.)

Sagot :

retirEEd

Answer:

Interest  = $261.42

Step-by-step explanation:

amount of interest earned is $

(Round to the nearest cent as needed.)

Amount = Principal + Interest

Amount - Principal = Interest

$ 5,261.42 -  $5000 = Interest  = $261.42

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.