Business, 21.01.2020 23:31 cycy24

Elliott wants to have money set aside for a rainy day, so he invests $2,400 into a savings account that pays 1.3% annual interest, compounded monthly. after one year, how much interest will elliott have earned? round each month's interest to the nearest cent. (see wb ch. 1 example 1.5)

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Elliott wants to have money set aside for a rainy day, so he invests $2,400 into a savings account t...