document.write( "Question 1155521: If $7000 is invested at an interest rate of 3.75% per year, find the amount (to the nearest cents) of the investment at the end of 5 years compounding monthly. \r
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Algebra.Com's Answer #778117 by josgarithmetic(39617)![]() ![]() ![]() You can put this solution on YOUR website! MONTHLY interest rate is \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "QUANTITY of compounding periods is \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The ending balance, |