SOLUTION: Michelle invests $8000 in a money market account that pays 3.25% interest compounded monthly. How much will be in the account after 12 years?

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Question 948963: Michelle invests $8000 in a money market account that pays 3.25% interest compounded monthly. How much will be in the account after 12 years?
Answer by Fombitz(32388) About Me  (Show Source):