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OpenStudy (anonymous):
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?
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OpenStudy (anonymous):
i did this last semester... sry i forgot the formulas >.< PV = FV(1-r)^n maybe..
OpenStudy (anonymous):
ill try it thank you
OpenStudy (anonymous):
that's not the right formula. im looking it up now
OpenStudy (anonymous):
i found the answer :p
OpenStudy (anonymous):
i had it on my notes lol thanks anyways
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OpenStudy (anonymous):
kk gl
OpenStudy (anonymous):
PV = FV / (1 - r)^n that one is the one to use
OpenStudy (anonymous):
1+r*
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