If you invest $7900 in an account that pays an annual percentage rate (apr) of 11%, and the interest is compounded monthly, what is the total amount of money that you would have at the end of 30 years

$210,993.97

Step-by-step explanation:

Using the compound interest formula Accrued Amount = P (1 + r/n)^n t

where Accrued amount is to be determined

P = principal; $7900

r = 11% = 0.11

n = number of times interest is applied annually = 12

t = number of years = 30

Therefore

Accrued amount = 7900 (1 + (0.11/12))^(30 x 12)

= 7900 x (1 + 0.0092)^360

= 7900 x (1.0092)^360

= 7900 x 26.71

= $210,993.97

there will be 35 boys in each team. : )