You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 49CR
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You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in the
account in 5 years?
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Transcribed Image Text:You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years? Question Help: D Video 1 D Video 2 M Message instructor Submit Question
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