A bank offers an investment account with an annual interest rate of 1.25
A bank offers an investment account with an annual interest rate of 1.25
compounded monthly. Jessica invests 3800 into the account for 5 years.
a. Assuming no withdrawals are made, how much money is in Jessica’s account after 5 years?
b. How much interest is earned on Jessica’s investment after 5 years?
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