Question

If you deposit $6500 into an account paying 8% annual interest compounded monthly, how
much money will be in the account after 7 years?
A) 11358.24
B) 12334
C) 15789
D) 12386

Answer 1

Answer:Anwer is A)11358.24

Step-by-step explanation:see in below photo substitute the values get the answer