Mathematics, 19.08.2021 03:50, berniceallonce22
Reese made a deposit of $1151.00 into a bank account that earns interest at 5.4% compounded monthly. The deposit earns interest at that rate for four years.
(round all intermediate values to 6 decimal places as needed, and round the final answer to the nearest cent as needed).
(a) Find the balance of the account at the end of the period.
b) How much interest is earned?
c) What is the effective rate of interest? ​
Answers: 3
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Reese made a deposit of $1151.00 into a bank account that earns interest at 5.4% compounded monthly....
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