Mathematics, 15.09.2021 01:00 ThatStudent8769

An initial investment of $10,000 at 7% interest is compounded monthly. How much interest can be earned
if you leave the money invested for 5 years?

Round answer to the nearest cent.

Answers: 2

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More questions: Mathematics Another questions

An initial investment of $10,000 at 7% interest is compounded monthly. How much interest can be earned if you leave the money invested for 5 years? Round answer to the nearest cent.

Answers

Another question on Mathematics

An initial investment of $10,000 at 7% interest is compounded monthly. How much interest can be earned
if you leave the money invested for 5 years?

Round answer to the nearest cent.