Use the compound interest formula to compute the total amount accumulated and the interest earned.
$2500 for 4 years at 3.6% compounded monthly
The total amount accumulated after 4yrs is $_____
Round to the nearest cent as needed
Here, A is the total amount, P is the principal, r is the interest rate, n is the number of compounding’s .That is,
Obtain the total amount accumu...
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