document.write( "Question 1175580: A financial advisor recommends that a client deposit $2600 into a fund that earns 7.5% annual interest compounded monthly. What will be the value of the investment after 7 years? Use the compound interest formula P = A(1 + i)n, where A is the original value of an investment, i is the interest rate per compounding period, n is the total number of compounding periods, and P is the value of the investment after n periods. Round to the nearest cent.\r
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Algebra.Com's Answer #801223 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Having so clear instructions, provided in the text, \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " why don't you make these calculations on your own ?\r\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |