Answered: Zach invested $200 per month in a…

Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest compounded monthly. How much interest had his investment earned after 2 years?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....

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Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest compounded monthly. How much interest had his investment earned after 2 years?

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