Mia deposited $4,12… - QuestionCove

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Mathematics 13 Online

OpenStudy (anonymous):

Mia deposited $4,125 into a savings account 14 years ago. The account has an interest rate of 2.6% and the balance is currently $5,933.84. How often does the interest compound? daily monthly quarterly annually

13 years ago

OpenStudy (anonymous):

who knows how to solve this

13 years ago

OpenStudy (anonymous):

is it quarterly

13 years ago

OpenStudy (anonymous):

what did u et

13 years ago

OpenStudy (texaschic101):

monthly.....don't ask me how...I plugged it into a calculator....just remember when your checking monthly, be sure and put 12 times annually... http://www.moneychimp.com/calculator/compound_interest_calculator.htm

13 years ago

OpenStudy (anonymous):

alrite chill

13 years ago

OpenStudy (texaschic101):

go to the link I posted and check for yourself....thank God for calculators..lol

13 years ago

OpenStudy (anonymous):

true lol

13 years ago

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