Answer :
Answer:
The final balance is $16,406.01.
The total compound interest is $8,406.01
Step-by-step explanation:
take the initial balance and multiply that by the interest then take 12 and multiply that times the previous answer.
Answer:
The final balance is $16,406.01.
The total compound interest is $8,406.01
Step-by-step explanation:
take the initial balance and multiply that by the interest then take 12 and multiply that times the previous answer.