(Get Answer) – You Deposit 1500 In A Bank Account Find The Balance After 2 Years If The Account Has An Interest Rate Of 2 5 And Is Compounded Monthly

Question Description

You deposit $1500 in a bank account. Find the balance after 2 years ifthe account has an interest rate of 2.5% and is compounded monthly.

Answer A. $1575.94

Answer B. $1576.82

Answer C. $1506.27

Answer D. $9375

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