Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Angel deposits $51,400 in a savings account that pays 2.3% interest, compounded monthly.
A) What is the account balance after one year?
b)How much did Angel make in interest during that one year?
c)What is the account balance after five years?
d)How much did Angel make in interest during the five years?

Sagot :

Answer:

a) $65,586.40

b) $14,186.40

c) $122,332

d) $70,932

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.