### Home > CCG > Chapter 12 > Lesson 12.1.1 > Problem 12-9

12-9.

A credit union offers a long-term account that pays

What is the

*monthly*multiplier?Add one to the percent interest, remember that the interest is compounded monthly so you must divide the interest by

. Write a function of the form

that represents the monthly situation.At the current rate, what will be the value of the account in

years?