Service

Chat Now

Gold Door Credit Bank is offering 12 percent compounded monthly on its savings accounts monthly interest rate 1 If you deposit $2,000 today a How much will you have in the account in two

Gold Door Credit Bank is offering 12 percent compounded monthly on its savings accounts monthly interest rate 1 If you deposit $2,000 today a How much will you have in the account in two

Gold Door Credit Bank is offering 12 percent compounded monthly on its savings accounts (monthly interest rate 1%). If you deposit $2,000 today. a. (4pts) How much will you have in the account in two years (24 months)? b. (6pts) What is the effect of compounding?
 
mahesh 08-Mar-2020

Answer (UnSolved)

question Get solution