Round Lucia
How do I do this question?
Lucia Rivera invested $9,000 at 3.75 compounded monthly in an account that matures in 4 years. The amount per $1.00 is 1.161563. What is the interest earned at maturity for the account? Round your answer to the nearest cent.
The interest you have earned over this period is:
interest = 9000 * 1.161563 - 9000
interest = 10,454.07 - 9000
interest = 1,454.07
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