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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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) About Me  (Show Source):