SOLUTION: You have ​$440
in an account which pays 4.2
​%
compounded annually. If you invest your money for 7
​years, then how many dollars of interest will you
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Question 1100640: You have $440
in an account which pays 4.2
%
compounded annually. If you invest your money for 7
years, then how many dollars of interest will you earn by the end of the term?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
440*((1+.042)^7 -1)=440x0.333748772529633541248=$146.85 interest
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