document.write( "Question 1191366: Suppose that $2300 is invested at 4.7% annual interest rate, compounded monthly. How much money will be in the account in (A)8 MONTHS and (B)4 years? round to the nearest cent. \n" ); document.write( "

Algebra.Com's Answer #828425 by ikleyn(52782) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "Considering the answer by @dezbee2008 for 8 months, I got another number.\r
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\n" ); document.write( "\n" ); document.write( "My number is    $\"2300%2A%281%2B0.047%2F12%29%5E8\"$ = 2373.06 dollars.\r
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\n" ); document.write( "\n" ); document.write( "The difference is not very significant, but there is an important note about it.\r
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\n" ); document.write( "\n" ); document.write( "                When you make such calculations, do not round
\n" ); document.write( "        intermediate numbers on the way: round the answer at the END, ONLY.\r
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\n" ); document.write( "\n" ); document.write( "Otherwise, you will make errors, even without knowing, what and where are their causes/sources.\r
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