NoLimitFxzo
NoLimitFxzo NoLimitFxzo
  • 23-09-2020
  • Mathematics
contestada

Cooper is opening an online savings account to hold his $20,000
emergency fund. The online account pays 1.5% interest compounded
monthly. If Cooper does not deposit or withdraw any money from the
account, how much will be in the account in 5 years

Respuesta :

kennedyarielle144
kennedyarielle144 kennedyarielle144
  • 23-09-2020

Answer:

he will have 2019

5 years= 60months 60x1.5=0.9   0.9=90    20000+90

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