Here are two formulas we have talked about that you may or m…
Here are two formulas we have talked about that you may or may not use. and Holly wants to deposit $3000 into an account for 5 years. How much money will be in her account if it account pays interest at 8% compounded monthly? (round to the nearest cent) How much should she deposit now if she wants to have $5000 in 5 years? (round to the nearest cent) A rival bank is offering 9% compounded semi-annually. How much will be in her account after 5 years? (round to the nearest cent)