SOLUTION: you deposit 1800$ in a special savings account. the account earns interest at an annual rate of 6%, compounded monthly. what amount will be in your account at the end of three mont

Question 578827: you deposit 1800$ in a special savings account. the account earns interest at an annual rate of 6%, compounded monthly. what amount will be in your account at the end of three months if no deposits or withdrawals are made?
Answer by dfrazzetto(283) (Show Source): You can put this solution on YOUR website!

P= principal = 1800
r= annual rate = .06
n= periods per year = 12
m= months = 3

A= $1827.14
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