An investment of $8,350 earns 5.2% interest compounded monthly over 10 years. Approximately how much interest is earned on the investment?a.$4,342b.$5,513c.$5,679d.$13,863

Name: Revolt
Rating: 4.5 (1200 reviews)

Question

Revolt · Accepted Answer

C

Test Review Test

An investment of $8,350 earns 5.2% interest compounded monthly over 10 years. Approximately how much interest is earned on the investment?a.$4,342b.$5,513c.$5,679d.$13,863

More from this Course