document.write( "Question 581354: An initial deposit of $9,000 earns 5% interest, compounded monthly. How much will be in the account after 7 years? (Give your answer correct to the nearest cent.) \n" ); document.write( "
Algebra.Com's Answer #371640 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! A=P(1+0.05/12)^nt \n" ); document.write( "A=9000(1.00417)^84 \n" ); document.write( "A=9000(1.418315) \n" ); document.write( "A=$12,765.88 \n" ); document.write( " |