SOLUTION: A bank account has been increasing by 0.6% annual interest compounded monthly if the bank account starts at $1710 find how much it has at 5 months, 2 years, and 8 months ago.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A bank account has been increasing by 0.6% annual interest compounded monthly if the bank account starts at $1710 find how much it has at 5 months, 2 years, and 8 months ago.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1156698: A bank account has been increasing by 0.6% annual interest compounded monthly if the bank account starts at $1710 find how much it has at 5 months, 2 years, and 8 months ago.
Answer by ikleyn(52794) About Me  (Show Source):
You can put this solution on YOUR website!
.

Please read attentively your post.

It says " . . . the account starts at . . . ", and then the question is

    Find how much it has 5 months . . . ago.

Do you see a misclosure in the post ?

Do you precisely understand the meaning of the word "ago" ?

---------------

I got your comment, from which I see that you didn't get the meaning of my post.

Read it again, in parallel with your post.

Read and re-read, until you find that misclosure in your post.

When you find it, --- fix it.

After that you may re-submit your post to the forum.

Please do not submit it to me personally.