SOLUTION: Billy invested $8,000 in a savings account paying 3.5% interest, compounded monthly. How much will Billy have after 12 years?
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Question 1132029
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Billy invested $8,000 in a savings account paying 3.5% interest, compounded monthly. How much will Billy have after 12 years?
Answer by
ikleyn(52781)
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FV =
= 12,168.25 dollars.
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