Investment with compound interest
Problem:
You invest $2,800 at a 6% annual interest rate, stated as an APR. Interest is compounded monthly. How much will you have in 1.0 year? In 1.5 years? (Do not round intermediate calculations. Round your answers to 2 decimal places)
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You invest $2,800 at a 6% annual interest rate, stated as an APR. Interest is compounded monthly. How much will you have in 1.0 year?
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