SOLUTION: You invest \$1500 in an account with an interest rate of 8% for 12 years, making no other deposits or withdrawals. What will be in your account balance if the interest is compounded

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 Click here to see ALL problems on Money Word Problems Question 617527: You invest \$1500 in an account with an interest rate of 8% for 12 years, making no other deposits or withdrawals. What will be in your account balance if the interest is compounded monthly? Answer by lynnlo(4169)   (Show Source): You can put this solution on YOUR website!\$3,905.08