Question

Monique Fournier deposited $12,500 into a savings account paying 6.5% annual interest compounded monthly. How much compound interest will she have earned after three years?

Answer 1

i did this last semester... sry i forgot the formulas >.< PV = FV(1-r)^n maybe..

Answer 2

ill try it thank you

Answer 3

that's not the right formula. im looking it up now

Answer 4

i found the answer :p

Answer 5

i had it on my notes lol thanks anyways

Answer 6

kk gl

Answer 7

PV = FV / (1 - r)^n
that one is the one to use

Answer 8

1+r*