SOLUTION: If $13,000 is invested at 6% interest compounded monthly, fing the interest earned in 15 years??

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Question 737238: If $13,000 is invested at 6% interest compounded monthly, fing the interest earned in 15 years??
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=13000(1+0.06/12)^(12*15)
A=13000(1.005)^180
A=13000(2.454)
A=31,902
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31902-13000=18,902.00