Mathematics, 05.04.2021 18:10 meganwintergirl

A company lends $1,300,000 for 1 year at 12%, compounded monthly to another company that manufactures tug boats. Find (a) the future value and (b) the interest.

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A company lends $1,300,000 for 1 year at 12%, compounded monthly to another company that manufactu...

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A company lends ​$1,300,000 for 1 year at ​12%, compounded monthly to another company that manufactures tug boats. Find ​(a) the future value and ​(b) the interest.

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A company lends $1,300,000 for 1 year at 12%, compounded monthly to another company that manufactures tug boats. Find (a) the future value and (b) the interest.