Suppose that you invest $6000 into a high yield Savings account that earns 2% annual interest and is compounded monthly. If you do not deposit or withdraw any money from the account, how much money will be in the account after 20 years?
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Home » Mathematics » Suppose that you invest $6000 into a high yield Savings account that earns 2% annual interest and is compounded monthly. If you do not deposit or withdraw any money from the account, how much money will be in the account after 20 years?