contestada

paul invested $400 into an account with a 5.5% interest rate compounded monthly. How much will paul's investment be worth in 8 years?

Respuesta :

Answer:

3024

Step-by-step explanation:

get the answer of 5.5% of 400, which is 22.

subtract 22 from 400, which is 378.

multiply 378 by 8, which is 3024.

bakershawn04

Answer:

By using a compound interest calculator, we can know the answer which is $621

Step-by-step explanation:

Otras preguntas