SOLUTION: Eva invests $9800 in a new savings account which earns 4.1% annual interest, compounded monthly. What will be the value of her investment after 8 years? Round to the nearest cent.

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Eva invests $9800 in a new savings account which earns 4.1% annual interest, compounded monthly. What will be the value of her investment after 8 years? Round to the nearest cent.      Log On


   

Question 1140559: Eva invests $9800 in a new savings account which earns 4.1% annual interest, compounded monthly. What will be the value of her investment after 8 years? Round to the nearest cent.
Answer by ikleyn(52865) About Me  (Show Source):
You can put this solution on YOUR website!
.
Future value = 9800%2A%281%2B0.041%2F12%29%5E%2812%2A8%29.



Use your calculator.