document.write( "Question 1175588: 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? Round to the nearest cent. \n" ); document.write( "

Algebra.Com's Answer #801266 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( " In General \r\n" );
document.write( "A = Accumulated Amount\r\n" );
document.write( "P= principal = $2600\r\n" );
document.write( "r= annual rate = .075\r\n" );
document.write( "n= periods per year = 12\r\n" );
document.write( "t= years = 7\r\n" );
document.write( " = $4,388.02\r\n" );
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document.write( "Wish You the Best in your Studies.\r\n" );
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