SOLUTION: Compound interest. if $1000 is invested at a rate of 7% per year compounded monthly what is the principal after
a. 1 month
b. 6 months
c. 1 year
d. 20 years
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a. 1 month
b. 6 months
c. 1 year
d. 20 years
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Question 458915: Compound interest. if $1000 is invested at a rate of 7% per year compounded monthly what is the principal after
a. 1 month
b. 6 months
c. 1 year
d. 20 years Answer by richwmiller(17219) (Show Source):
