What interest will be earned if $5,800 is invested for 2 years at an annual rate of 9% compounded monthly? Round your answer to the nearest cent.
A)$7,586.35
B)$6,635.80
C)$7,191.44
D)$6,939.20
E)$45,884.28

Question

What interest will be earned if $5,800 is invested for 2 years at an annual rate of 9% compounded monthly? Round your answer to the nearest cent. ​
A)$7,586.35
B)$6,635.80
C)$7,191.44
D)$6,939.20
E)$45,884.28

Quizplus · Accepted Answer

The Answer of What interest will be earned if $5,800 is invested for 2 years at an annual rate of 9% compounded monthly? Round your answer to the nearest cent. ​
A)$7,586.35
B)$6,635.80
C)$7,191.44
D)$6,939.20
E)$45,884.28

What Interest Will Be Earned If $5,800 Is Invested for 2