Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7 months? O A. $11,185.42 O B. $8,700.33 O C. $8,696.71 O D. $8.516.52

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Brad invests $8,500 in an account paying 4% compounded monthly How much is in the account after 7 months?
O A. S11,185.42
O B. $8,700,33
O C. $8,696.71
O D. $8.516.52
Transcribed Image Text:Brad invests $8,500 in an account paying 4% compounded monthly How much is in the account after 7 months? O A. S11,185.42 O B. $8,700,33 O C. $8,696.71 O D. $8.516.52
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