Mathematics, 19.01.2020 08:31, dylanentwistle5197

suppose that you invest $400 in a bank account that has apr of 6% and it is compounded monthly (12 times a year)

if we use the formula f = p*(1 + r)t , what is the value for "r"?

so, if you invest $400 in this account, how much money will you have after 1 month?

and how much money will you have in your account after 1 year?

(round to the nearest cent)

Answers: 3

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suppose that you invest $400 in a bank account that has apr of 6% and it is compounded monthly (12 t...