Ask your own question, for FREE!
Mathematics 11 Online
OpenStudy (anonymous):

Monique Fournier deposited $12,500 into a savings account paying 6.5% annual interest compounded monthly. What amount will she have in her account after 3 years?

OpenStudy (anonymous):

I don't understand the whole "Annual interest compounded monthly" Part

OpenStudy (anonymous):

$15,183.39 Got it :D Thanks anyways

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!