SOLUTION: PLZZ HELP!!! You invest $12,000 into a corporate bond that pays 7.2% annual interest compounded monthly. How much money will you have after 7 years?

Algebra ->  Finance -> SOLUTION: PLZZ HELP!!! You invest $12,000 into a corporate bond that pays 7.2% annual interest compounded monthly. How much money will you have after 7 years?      Log On


   

Question 584766: PLZZ HELP!!!
You invest $12,000 into a corporate bond that pays 7.2% annual interest compounded monthly. How much money will you have after 7 years?
Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
x = 12000 * {[1 + (.072/12)]^(7 * 12)}