SOLUTION: Melanie invests $7800 in a new savings account which earns 3.7% annual interest, compounded monthly. What will be the value of her investment after 5 years? Round to the nearest
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Question 1140510
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Melanie invests $7800 in a new savings account which earns 3.7% annual interest, compounded monthly. What will be the value of her investment after 5 years? Round to the nearest cent.
Answer by
ikleyn(52756)
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Future value FV =
= 9382.43 dollars.
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