Mathematics

Mathematics, 07.04.2020 22:13, mari8493

Mr. Sanchez invested $5000 in a college fund for his daughter. The college fund earns interest at an annual rate of 5%, compounded monthly. Approximately how much money will be in the fund in 15 years, if Mr. Sanchez does not make any deposits or withdrawals?
A) $5,203.71
B) $5,321.78
C) $10,394.64
D) $10,568.52

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