Question 9 2 points Save Answer Today you deposit $1000 into a new investment account. You make the same deposit one month later, and continue making the same monthly deposit each and every month. You...


Question 9<br>2 points<br>Save Answer<br>Today you deposit $1000 into a new investment account. You make the same deposit one month later, and continue making the same monthly deposit<br>each and every month. You make the last deposit two years from today. If the balance in the account immediately after you make the last deposit is<br>$26,559.12, what is the monthly interest rate the account pays (rounded as shown in the answers below)?<br>O 0.087%<br>O 0.050%<br>O None of the other answers are correct<br>O 0.500%<br>

Extracted text: Question 9 2 points Save Answer Today you deposit $1000 into a new investment account. You make the same deposit one month later, and continue making the same monthly deposit each and every month. You make the last deposit two years from today. If the balance in the account immediately after you make the last deposit is $26,559.12, what is the monthly interest rate the account pays (rounded as shown in the answers below)? O 0.087% O 0.050% O None of the other answers are correct O 0.500%

Jun 10, 2022
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