document.write( "Question 1031543: $500 is placed in a savings account with an annual interest rate of 2.5%. What is the amount of the investment in 5 years if compounding occurs monthly? \n" ); document.write( "
Algebra.Com's Answer #646224 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=500(1+0.025/12)^(12*5) \n" ); document.write( " |