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The Campbells are saving up to go on a family vacation in 5 years. They invest $2800
into an account with an annual interest rate of 1.46% compounded monthly. Assuming no withdrawals are made, how much money is in the Campbells' account after 5 years?

Respuesta :

Answer:

look at the explanation 20,440

Step-by-step explanation:

so the invested 2,800 $  and the interest rate is 1.46 so first what I would do is 1.46 times 5 = 7.3 then 7.3 x 2,800 =20,440

so I think the answer is 20,440

not sure if this is correct but I gave it my all

or you could just do 2800 time 5 time 1.46

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