Approximately the final value of $1200 at 3% compounded monthly for 5 years. round your answer to nearest cents, that is , hundredths.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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Approximately the final value of $1200 at 3% compounded monthly for 5 years. round your answer to nearest cents, that is , hundredths. 

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