How much will the service make per year compounded monthly

Reference no: EM13236185

An engineer and her husband operate a pet sitting service on the side. They want to add a daily service of a photo placed online for pet owners who are traveling. The estimates are: equipment and setup cost $600, and net monthly income over costs $30. For a period of 2 years, will the service make at least 12% per year compounded monthly?

Reference no: EM13236185

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